How important are hedge funds in a crisis?
- Before the 2007–09 crisis, standard risk measurement methods substantially underestimated the threat to the financial system. One reason was that these methods didn’t account for how closely commercial banks, investment banks, hedge funds, and insurance companies were linked. As financial conditions worsened in one type of institution, the effects spread to others. A new method that more accurately accounts for these spillover effects suggests that hedge funds may have been central in generating systemic risk during the crisis.
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| Author: | Reint GroppGND |
|---|---|
| URN: | urn:nbn:de:hebis:30:3-336408 |
| Parent Title (German): | SAFE policy letter series ; 23 |
| Series (Serial Number): | SAFE policy letter (23) |
| Publisher: | SAFE |
| Place of publication: | Frankfurt am Main |
| Document Type: | Working Paper |
| Language: | English |
| Date of Publication (online): | 2014/04/28 |
| Date of first Publication: | 2014/04/28 |
| Publishing Institution: | Universitätsbibliothek Johann Christian Senckenberg |
| Release Date: | 2014/06/03 |
| Tag: | spillover effects; statistical risk measurement; systemic risk analysis |
| Page Number: | 8 |
| Last Page: | 6 |
| Note: | This article is reprinted from the Federal Reserve Bank of San Francisco Economic Letter of April 14, 2014. |
| HeBIS-PPN: | 352816384 |
| Institutes: | Wirtschaftswissenschaften / Wirtschaftswissenschaften |
| Wissenschaftliche Zentren und koordinierte Programme / House of Finance (HoF) | |
| Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS) | |
| Wissenschaftliche Zentren und koordinierte Programme / Sustainable Architecture for Finance in Europe (SAFE) | |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Sammlungen: | Universitätspublikationen |
| Licence (German): |  Deutsches Urheberrecht |
