Allington, Nigel F. B.; McCombie, John S. L.; Pike, Maureen - In: Journal of Post Keynesian Economics 34 (2012) 4, pp. 555-582
of "light regulation," were clearly revealed by the collapse of the hedge fund Long-Term Capital Management in 1998. This … nonergodic. The paper discusses the collapse of Long-Term Capital Management and shows how the lessons derived from that crisis …