The primacy of hedge funds in the subprime crisis

Journal of Post Keynesian Economics

Volumn 34, Issue 2, 2011, Pages 225-254

  Lysandrou, Photis ^a  

^a LONDON METROPOLITAN UNIVERSITY   (United Kingdom)

Author keywords

hedge fund regulation; hedge funds; subprime crisis

Indexed keywords

EID: 84857863924     PISSN: 01603477     EISSN: None     Source Type: Journal    
DOI: 10.2753/PKE0160-3477340203     Document Type: Article

References (24)

1. Acharya, V.V.; Schnabl, P.; and Suarez, G. "Securitization Without Risk Transfer." Working Paper no. 15837, National Bureau of Economic Research, Cambridge, MA, June 15, 2010.
2. Aglietta, M., and Rigot, S. "The Regulation of Hedge Funds Under the Prism of the Financial Crisis." Working Paper no. 2008-20, University of Paris X Economics, Nanterre, 2008.
3. Bank of England. Financial Stability Report. London, October 2008.
4. Blundell-Wignall, A. "An Overview of Hedge Funds and Structured Products: Issues in Leverage and Risk." Financial Market Trends, 2007a, 92 (1), 37-57.
5. -. "Structured Products: Implications for Financial Markets." Financial Market Trends, 2007b, 93 (2), 29-57.
6. Borio, C. "The Financial Turmoil of 2007-? A Preliminary Assessment and Some Policy Considerations." Working Paper no. 251, Bank for International Settlements, Basel, March 2008.
7. Brewster, D. "U.S. Banks Refuse to Accept Subprime Collateral." Financial Times, August 14, 2007 (available at www.ft.com/cms/s/0/46813ec2- 4a91-11dc-95b5-0000779fd2ac.html#axzz1fnchqPLr).
8. Brunnermeier, M.K. "Deciphering the Liquidity and Credit Crunch 2007-2008." Journal of Economic Perspectives, 2009, 23 (1), 77-100.
9. Caballero, R. "The 'Other' Imbalance and the Financial Crisis." Paper presented at the Bank of Italy's Pablo Baffi Lecture, December 10, 2009.
10. Clark, E.H. "U.S. Developments in Synthetic Securitization: Rampant Growth and the Spectre of SEC Regulation." In J.J de Vries Robbe and P.U. Ali (eds.), Expansion and Diversification of Securitization. The Hague: Kluwer Law International, 2008, pp. 25-40.
11. de Larosière, J. "The High-Level Group on Financial Supervision in the EU." de Larosière Group Report, Brussels, February 25, 2009 (available at http://ec.europa.eu/internal-market/finances/ docs/de-larosiere-report-en.pdf).
12. Eichengreen, B. "Thirteen Questions About the Subprime Crisis." Paper presented at the Tobin Project conference, Toward a New Theory of Financial Regulation, Yulee, FL, February 1-3, 2008.
13. Farrell, D.; Lund, S.; Gerlemann, E.; and Seeburger, P. "The New Power Brokers: How Oil, Asia, Hedge Funds, and Private Equity Are Shaping Global Capital Markets." McKinsey Global Institute, Atlanta, 2007.
14. Goda, T.; Lysandrou, P.; and Stewart, C. "The U.S. Bond Yield 'Conundrum' and the Subprime Crisis: The Role of Private Investor Demand." Discussion Paper no. 18, Centre for International Business, London Metropolitan Business School, 2011.
15. House of Commons, Treasury Committee. "Report on Financial Stability and Transparency." London, February 26, 2008.
16. House of Lords. "Directive on Alternative Investment Fund Managers." Report, London, February 2010.
17. International Monetary Fund. "Global Financial Stability." Report, Washington, DC, April 2008.
18. Kirchgaessner, S., and Sender, H. "Hedge Fund Chiefs Blame the System for Financial Crisis." Financial Times, November 13, 2008 (available at www.ft.com/cms/s/0/0f8c0216-b193-11dd-b97a-0000779fd18c.html#axzz1hB5fGiqm).
19. Lysandrou, P. "Global Inequality as One of the Root Causes of the Global Financial Crisis: A Suggested Explanation." Economy and Society, 2011a, 40 (3), 323-344.
20. -. "Hedge Funds." In J. Toporowski and J. Mitchell (eds.), Handbook of Critical Issues in Finance. Cheltenham, UK: Edward Elgar, 2012, forthcoming.
21. Mustier, J.P., and Dubois, A. "Risks and Return on Banking Activities Related to Hedge Funds." Financial Stability Review no. 10, Banque de France, Paris, April 2007.
22. Shadab, H. "Hedge Funds and the Financial Market." Testimony before the House Committee on Oversight and Government Reform, Washington, DC, November 13, 2008 (available at http://mercatus.org/publication/hedge-funds-and- financial-market).
23. "A Sharper Focus." Report on the CDO market, Incisive Media, November 1, 2003 (available at www.journalofcreditrisk.com/public/showPage.html? page=94658).
24. Tait, N. "Brussels Agrees Tougher Rules for Hedge Fund," Financial Times, October 19, 2010 (available at www.ft.com/intl/cms/s/0/ 904405a6-db86-11df-ae99-00144feabdc0.html#axzz1fnchqPLr).