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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
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
037    22573/ctt1gz7rx|bJSTOR 
040    COO|beng|epn|erda|cCOO|dCOD|dYDXCP|dE7B|dN$T|dOCLCF|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 
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
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 
650  7 Financial crises.|2fast|0(OCoLC)fst00924607 
650  7 Financial institutions|xManagement.|2fast
650  7 Financial risk.|2fast|0(OCoLC)fst01739663 
650  7 Hedge funds.|2fast|0(OCoLC)fst00954442 
650  7 Risk management|xGovernment policy.|2fast
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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