Since summer 2007 the Subprime credit crisis has been affecting the international financial markets. One of the consequences of the crisis was the collapse of the market for large-sized leveraged buyout transactions in late 2007 and early 2008. The goal of this Working Paper is to examine to...

The paper uses Minsky’s financial instability hypothesis as an analytical framework for understanding the subprime mortgage crisis and for introducing adequate reforms to restore economic stability. We argue that the subprime crisis has structural origins that extend far beyond the housing and...

The modern deal -- KKR, Sungard and the private equity phenomenon -- Accredited home lenders and the attack of the MAC -- United Rentals, Cerberus, and the private equity implosion -- Dubai ports, Merrill Lynch, and the sovereign wealth fund problem -- Bear Stearns and the moral hazard principle...