Manufacturing Tail Risk: A Perspective on the Financial Crisis of 2007-09

by Matthew P. Richardson, Viral V. Acharya, Ingo Walter, et al.

There is virtually universal agreement that the fundamental cause of the global economic and financial crisis of 2007-2009 was the combination of a credit boom and a housing bubble, but it is much less clear why this combination of events led to such a severe financial crisis. Manufacturing Tail Risk: A Perspective on the Financial Crisis of 2007-2009 argues that what made this economic shock unique and led to such a severe financial crisis was the...

• Format: Paperback
• Language: English
• ISBN: 1601983409
• ISBN13: 9781601983404
• Release Date: March 2010
• Publisher: Now Publishers
• Length: 92 Pages
• Weight: 0.31 lbs.
• Dimensions: 0.2" x 6.1" x 9.2"