Systemic Risk and the Long-Term Capital Management Rescue

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service

Language:

English

Subjects (All):

Economic policy.

Finance.

Risk assessment.

Physical Description:

1 online resource

Contained In:

ProQuest U.S. Congressional Research Digital Collection

Place of Publication:

[Washington, D.C.] [publisher not identified] 1999

Summary:

Defines and explains systemic risk, which is the possibility that a financial problem in one market or firm will spread to others and cause serious economic consequences. Addresses associated policy issues, differing viewpoints of systemic risk among economists, and how hedge fund Long-Term Capital Management created systemic risk until the Federal Reserve arranged a controversial bailout

Notes:

CRS Report

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed July 2010). Reuse except for individual research requires license from ProQuest, LLC

Vendor supplied data

Other Format:

Microfiche version Library of Congress. Congressional Research Service. Systemic Risk and the Long-Term Capital Management Rescue

Publisher Number:

CRS-1999-GVF-0157

Access Restriction:

Restricted for use by site license