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Hedge Funds, Leverage, and the Lessons of Long-Term Capital Management

Hedge Funds, Leverage, and the Lessons of Long-Term Capital Management

ISBN: 9781503375468
Publisher: CreateSpace Independent Publishing Platform
Publication Date: 2015-01-03
Number of pages: 152
Any used item that originally included an accessory such as an access code, one time use worksheet, cd or dvd, or other one time use accessories may not be guaranteed to be included or valid. By purchasing this item you acknowledge the above statement.
$30.24

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.

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