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

President's Working Group

 
9781646790241: Hedge Funds, Leverage, and the Lessons of Long-Term Capital Management

Inhaltsangabe

".. 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.

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Über die Autorin bzw. den Autor

PRESIDENT'S WORKING GROUP ON FINANCIAL MARKETS-a.k.a. the Plunge Protection Team-was created after the financial crash on October 19, 1987, by President Ronald Reagan in 1988. Its goals are to enhance the integrity, orderliness and competitiveness of the U.S. financial markets and maintaining investor confidence. Members of the Working Group are the Secretary of the Treasury and the Chairpersons of the Federal Reserve System, the Securities and Exchange Commission and the Commodity Futures Trading Commission.

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