Anatomy of the Credit Crisis: The role of Faulty Risk Management Systems
The current credit market crisis reflects system-wide problems in the trading and hedging of credit risks. It started in the US mortgage market, but it has spread more generally into other credit markets, where perceived counter-party risks between financial institutions have risen, impairing their operation. This is an international, systemic problem, which has become more serious as time has passed.
Volume (Year): (2008)
Issue (Month): 269 (July)
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