Financial crisis : through various perspectives
Thesis (S.M.)--Massachusetts Institute of Technology, Sloan School of Management, 2010.
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| Format: | Thesis |
| Language: | eng |
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Massachusetts Institute of Technology
2010
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| Online Access: | http://hdl.handle.net/1721.1/59137 |
| _version_ | 1826195314496765952 |
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| author | Kim, Joon Hee |
| author2 | Simon H. Johnson. |
| author_facet | Simon H. Johnson. Kim, Joon Hee |
| author_sort | Kim, Joon Hee |
| collection | MIT |
| description | Thesis (S.M.)--Massachusetts Institute of Technology, Sloan School of Management, 2010. |
| first_indexed | 2024-09-23T10:10:45Z |
| format | Thesis |
| id | mit-1721.1/59137 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T10:10:45Z |
| publishDate | 2010 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/591372019-04-10T15:39:57Z Financial crisis : through various perspectives Kim, Joon Hee Simon H. Johnson. Sloan School of Management. Sloan School of Management. Sloan School of Management. Thesis (S.M.)--Massachusetts Institute of Technology, Sloan School of Management, 2010. Cataloged from PDF version of thesis. Includes bibliographical references. The 2007 financial crisis can be viewed from various perspectives. First, it can be explained in a wider macroeconomic context, for example by looking at the housing bubble. Monetary policy can be explained according to the BB-NN and IS-LM models. Another way to view the crisis is from a banking perspective by analyzing the changes in the financial market and the deregulation of the banking industry. As the financial sector has grown enormously over the past years, the principle of "Too Big to Fail" should also be scrutinized. Wall Street's economic power was closely related to politics, and therefore it is very helpful to study the financial crisis from a political perspective. After looking at these perspectives, the regulation system should be considered in more detail, paying special attention to systemic risk. Apart from these perspectives, there is still another way to look at the financial crisis: as a Black Swan event. I will point out how the Black Swan event can provide a framework and meaning to interpret the financial crisis. Lastly, the problem of credit rating agencies will be addressed, as this is one of the main causes of the financial crisis. The goal of this thesis is to analyze the financial crisis from various perspectives, and find an appropriate solution to prevent the next financial crisis. by Joon Hee Kim. S.M. 2010-10-12T16:31:08Z 2010-10-12T16:31:08Z 2010 2010 Thesis http://hdl.handle.net/1721.1/59137 659513788 eng M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 73 p. application/pdf Massachusetts Institute of Technology |
| spellingShingle | Sloan School of Management. Kim, Joon Hee Financial crisis : through various perspectives |
| title | Financial crisis : through various perspectives |
| title_full | Financial crisis : through various perspectives |
| title_fullStr | Financial crisis : through various perspectives |
| title_full_unstemmed | Financial crisis : through various perspectives |
| title_short | Financial crisis : through various perspectives |
| title_sort | financial crisis through various perspectives |
| topic | Sloan School of Management. |
| url | http://hdl.handle.net/1721.1/59137 |
| work_keys_str_mv | AT kimjoonhee financialcrisisthroughvariousperspectives |