Hedge Funds, Leverage, and the Lessons of Long-Term Capital Management PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Hedge Funds, Leverage, and the Lessons of Long-Term Capital Management PDF full book. Access full book title Hedge Funds, Leverage, and the Lessons of Long-Term Capital Management by United States. President's Working Group on Financial Markets. Download full books in PDF and EPUB format.
Author: United States. President's Working Group on Financial Markets
Publisher: CreateSpace
ISBN: 9781503375468
Category : Hedge funds
Languages : en
Pages : 152
Get Book Here
Book Description
The President's Working Group on Financial Markets recommends a number of measures designed to constrain excessive leverage in the financial system. The events in global financial markets in the summer and fall of 1998 demonstrated that excessive leverage can greatly magnify the negative effects of any event or series of events on the financial system as a whole. The near collapse of Long-Term Capital Management ("LTCM"), a private sector investment firm, highlighted the possibility that problems at one financial institution could be transmitted to other institutions, and potentially pose risks to the financial system.
Author: United States. President's Working Group on Financial Markets
Publisher: CreateSpace
ISBN: 9781503375468
Category : Hedge funds
Languages : en
Pages : 152
Get Book Here
Book Description
The President's Working Group on Financial Markets recommends a number of measures designed to constrain excessive leverage in the financial system. The events in global financial markets in the summer and fall of 1998 demonstrated that excessive leverage can greatly magnify the negative effects of any event or series of events on the financial system as a whole. The near collapse of Long-Term Capital Management ("LTCM"), a private sector investment firm, highlighted the possibility that problems at one financial institution could be transmitted to other institutions, and potentially pose risks to the financial system.
Author: President's Working Group
Publisher: Cosimo Reports
ISBN: 9781646790241
Category :
Languages : en
Pages : 146
Get Book Here
Book Description
".. excessive leverage can increase the likelihood of a general breakdown in the functioning of financial markets." --President's Working Group on Financial Markets, 1999 Hedge Funds, Leverage, and the Lessons of Long-Term Capital Management is a report issued by the President's Working Group in 1999, after the prior year's crisis in global financial markets and the near collapse of Long-Term Capital Management. This report explains the risks of excessive leverage of hedge funds and other financial institutions to the financial system, and recommends measures to mitigate these risks. Students of financial history, journalists, politicians, and anyone interested in the workings of financial markets and the Plunge Protection Team, will find this vital background reading.
Author: Department of the Treasury
Publisher:
ISBN: 9781329628342
Category :
Languages : en
Pages : 142
Get Book Here
Book Description
Dear Mr. President - We are pleased to transmit the report of the President's Working Group on Financial Markets on Hedge Funds, Leverage, and the Lessons of Long-Term Capital Management (LTCM). The principal policy issue arising out of the events surrounding the near collapse of LTCM is how to constrain excessive leverage. By increasing the chance that problems at one financial institution could be transmitted to other institutions, excessive leverage can increase the likelihood of a general breakdown in the functioning of financial markets. This issue is not limited to hedge funds; other financial institutions are often larger and more highly leveraged than most hedge funds. In view of our findings, the Working Group recommends a number of measures designed to constrain excessive leverage. These measures are designed to improve transparency in the system, enhance private sector risk management practices, develop more risk-sensitive approaches to capital adequacy, support financial contract...
Author: United States. Working Group on Financial Markets
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: United States. Congress. House. Committee on Banking and Financial Services
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 132
Get Book Here
Book Description
Author: United States. Congress. House. Committee on Financial Services
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 100
Get Book Here
Book Description
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Hedge funds
Languages : en
Pages : 60
Get Book Here
Book Description
Author: United States. Congress. House. Committee on Agriculture. Subcommittee on Risk Management, Research, and Specialty Crops
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 124
Get Book Here
Book Description
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities and Investment
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 108
Get Book Here
Book Description
Author: John Kambhu
Publisher: DIANE Publishing
ISBN: 1428988769
Category : Business & Economics
Languages : en
Pages : 214
Get Book Here
Book Description
Hedge funds have become important players in the U.S. & global capital markets. These largely unregulated funds use: a variety of complex trading strategies & instruments, in their liberal use of leverage, in their opacity to outsiders, & in their convex compensation structure. These differences can exacerbate market failures associated with agency problems, externalities, & moral hazard. Counterparty credit risk mgmt. (CCRM) practices are the first line of defense against market disruptions with potential systemic consequences. This article examines how the unique nature of hedge funds may generate market failures that make CCRM for exposures to the funds intrinsically more difficult to manage, both for regulated institutions & for policymakers. Ill.
