LEADER 00000cam 2200757Ii 4500 001 ocn813288164 003 OCoLC 005 20170927054940.3 006 m o d 007 cr cn||||||||| 008 100729s2012 caua obt 000 0 eng d 019 854458002|a857365332|a960205874|a961518845|a962635720 |a988411384|a991994649 020 9780833077868|q(electronic bk.) 020 0833077864|q(electronic bk.) 020 |z9780833076847|q(paperback;)|q(alk. paper) 020 |z0833076841|q(paperback;)|q(alk. paper) 027 RAND/MG-1236-CCEG 035 (OCoLC)813288164|z(OCoLC)854458002|z(OCoLC)857365332 |z(OCoLC)960205874|z(OCoLC)961518845|z(OCoLC)962635720 |z(OCoLC)988411384|z(OCoLC)991994649 037 22573/ctt1gz7rx|bJSTOR 040 COO|beng|epn|erda|cCOO|dCOD|dYDXCP|dE7B|dN$T|dOCLCF|dOCLCQ |dOCLCO|dOCLCQ|dOCLCA|dEBLCP|dDEBSZ|dJSTOR|dOCL|dOCLCQ |dOCL|dOCLCQ|dLOA|dAZK|dOCLCQ|dAGLDB|dOCLCQ|dOCLCO|dCOCUF |dOCLCQ|dOCLCO|dMOR|dCCO|dPIFAG|dMERUC|dOCLCQ 043 n-us--- 049 CKEA 050 4 HG4930|b.D59 2012 082 04 332.6327|223 088 MG-1236-CCEG 100 1 Dixon, Lloyd S. 245 10 Hedge funds and systemic risk /|cLloyd Dixon, Noreen Clancy, Krishna B. Kumar. 264 1 Santa Monica, Calif. :|bRAND,|c2012. 300 1 online resource (xxx, 115 pages) :|bcolor illustrations. 336 text|btxt|2rdacontent 337 computer|bc|2rdamedia 338 online resource|bcr|2rdacarrier 347 data file|2rda 490 1 Rand Corporation monograph series 500 "RAND Corporation." 504 Includes bibliographical references (pages 107-115). 505 0 Introduction -- Background on the Hedge Fund Industry -- The Collapse of Long-Term Capital Management -- Hedge Funds and the Financial Crisis of 2007-2008 -- Potential Hedge Fund Threats to Financial Stability and Reforms to Address Them -- Conclusion -- Appendix: Regulatory Reforms That Address Potential Systemic Risks Posed by Hedge Funds. 520 "Hedge funds are a dynamic part of the global financial system. Their managers engage in innovative investment strategies that can improve the performance of financial markets and facilitate the flow of capital from savers to users. Although hedge funds play a useful role in the financial system, there is concern that they can contribute to financial instability. The collapse of Long- Term Capital Management (LTCM) in 1998 raised awareness that hedge funds could be a source of risk to the entire financial system. Hedge funds also invested heavily in many of the financial instruments at the heart of the financial crisis of 2007-2008, and it is appropriate to ask whether they contributed to the crisis. This report explores the extent to which hedge funds create or contribute to systemic risk (that is, the risk of a major and rapid disruption in one or more of the core functions of the financial system caused by the initial failure of one or more financial firms or a segment of the financial system) and the role hedge funds played in the financial crisis, the consequences of the 1998 failure of LTCM, and whether and how the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 addresses the potential systemic risks posed by hedge funds."--Page 4 of cover. 536 The research described in this report was supported by a contribution by Christopher D. Petitt, principal of Blue Haystack, a financial research and consulting firm, and by the RAND Center for Corporate Ethics and Governance. 588 0 Print version record. 611 27 Global Financial Crisis (2008-2009)|2fast |0(OCoLC)fst01755654 648 7 2008-2009|2fast 650 0 Hedge funds|zUnited States. 650 0 Financial risk|zUnited States. 650 0 Global Financial Crisis, 2008-2009. 650 0 Financial crises|zUnited States. 650 0 Risk management|xGovernment policy|zUnited States. 650 0 Financial institutions|zUnited States|xManagement. 650 7 BUSINESS & ECONOMICS|xInvestments & Securities|xMutual Funds.|2bisacsh 650 7 Financial crises.|2fast|0(OCoLC)fst00924607 650 7 Financial institutions|xManagement.|2fast |0(OCoLC)fst00924676 650 7 Financial risk.|2fast|0(OCoLC)fst01739663 650 7 Hedge funds.|2fast|0(OCoLC)fst00954442 650 7 Risk management|xGovernment policy.|2fast |0(OCoLC)fst01098174 651 7 United States.|2fast|0(OCoLC)fst01204155 700 1 Clancy, Noreen. 700 1 Kumar, Krishna B. 710 2 RAND Center for Corporate Ethics and Governance. 710 2 Rand Corporation. 776 08 Dixon, Lloyd S.|tHedge funds and systemic risk.|dSanta Monica, Calif. : RAND Corporation, 2012|z9780833076847 |w(DLC) 2012948078|w(OCoLC)809834660 830 0 Rand Corporation monograph series. 914 ocn813288164 994 92|bCKE
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