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fall of AIG, the

Author

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  • William K. Sjostrom Jr.

Abstract

This article provides a brief overview of AIG's operations and explains why AIG suddenly collapsed. It then details the terms of the initial US government bailout and later restructurings. Finally, the article describes the regulatory gap exploited by AIG and ensuing regulatory reform.

Suggested Citation

  • William K. Sjostrom Jr., 2011. "fall of AIG, the," The New Palgrave Dictionary of Economics, Palgrave Macmillan.
  • Handle: RePEc:pal:dofeco:v:5:year:2011:doi:3853
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    File URL: http://www.dictionaryofeconomics.com/article?id=pde2011_A000261
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    More about this item

    Keywords

    AIG; American International Group; CDO; CDS; collateralized debt obligations; credit default swaps; derivatives; tranching;

    JEL classification:

    • K20 - Law and Economics - - Regulation and Business Law - - - General
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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