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Redde rationem: Kejnz, Minski i kolaps Long-Term Capital Management-a dvadeset godina kasnije
Published 2019-03-01“…Cilj rada je da na studiji slučaja kolapsa Long-Term Capital Management-a, velikog američkog hedž fonda, ukaže na zablude moderne finansijske teorije. …”
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Hedge funds y riesgo sistémico: análisis de la probabilidad de quiebra de los fondos de inversión libre
Published 2009-01-01“…El colapso del enorme hedge fund Long-Term Capital Management en 1998 y sus secuelas en el sistema financiero, pusieron de manifiesto la importancia que tiene esta industria en la generación de riesgo sistémico. …”
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The international monetary system: structure, development and prospects / Zakarya Ahmad
Published 2003“…Interest in reform has increased in recent years, due to succession of crises that began with the European exchange rate mechanism (ERM) crisis of 1992- 93 and continued with the “tequila” crisis of 1994-95 and also the Asian, Russian, Long-Term Capital Management (LTCM), and Brazilian crises. This research examines the daily fluctuations between exchange rates and stock prices for five major currencies, including Deutschmark, US Dollar, Japanese Yen, Great Britain Pound and Singapore Dollar, for the period of February 1998 to October 2001. …”
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A Long History of Wall Street Bailouts and How Puerto Rico Will Not Be Different
Published 2018-06-01“…Wall Street incurred in a risky behavior that is comparable with what happened during the 1980s Latin America crisis, the 1997 Asian crisis, the 1998 Long-Term Capital Management (LTCM) crisis, and the 2008 mortgage subprime crisis. …”
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GLOBAL ECONOMIC CRISIS: A VIEW FROM SOUTH AFRICA
Published 2015-08-01“…This is particularly so in mid-1999, amid claims from Washington that the past two years' dangers of financial meltdown and deflation were averted and finally extinguished through a combination of policy measures and good fortune: slightly looser Federal Reserve monetary policy adopted in September 1998, in the immediate wake of the successful public-private bailout of the Long Term Capital Management hedge fund; a new $90 billion International Monetary Fund (IMF) insurance scheme announced the following month; the convening of key countries in a Forum on Financial Stability; the lack of financial contagion (contrary to expectations) in the wake of Brazil's January 1999 currency meltdown; the long-awaited revival (however infirm) of the Japanese economy; new plans for somewhat more transparent budgetary and exchange rate systems in emerging markets; and a decision at the G-8 Cologne meeting in June 1999 to sell 10% of the IMF's gold to fund partial debt relief for the poorest Third World countries. …”
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1980–2008: The Illusion of the Perpetual Money Machine and What It Bodes for the Future
Published 2014-04-01“…The result has been a succession of bubbles and crashes, including the worldwide stock market bubble and great crash of October 1987, the savings and loans crisis of the 1980s, the burst in 1991 of the enormous Japanese real estate and stock market bubbles, the emerging markets bubbles and crashes in 1994 and 1997, the Long-Term Capital Management (LTCM) crisis of 1998, the dotcom bubble bursting in 2000, the recent house price bubbles, the financialization bubble via special investment vehicles, the stock market bubble, the commodity and oil bubbles and the current debt bubble, all developing jointly and feeding on each other until 2008. …”
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Essays in economic and financial history
Published 2011“…</p><p>Chapter Three applies my measure of instability in a historical investigation of the 1998 demise of hedge fund Long-Term Capital Management (LTCM). I find that a forced liquidation of LTCM threatened to destabilize some financial markets, particularly for bank funding and equity volatility.…”
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