kaal:claim:1806252-021

Market failure in complex financial instruments, rather than hedge fund activity as such, could have been a contributing factor in the recent credit crisis.

Market failure in complex financial instruments could have been a contributing factor in the recent credit crisis.

Kaal, Hedge Fund Regulation Via Basel III (2011), V.3 Market Failure in Financial Instruments, p. 66
https://ssrn.com/abstract=1806252 · source PDF

Kaal, Hedge Fund Regulation Via Basel III (2011). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1806252

• evidence drawn from the 2007 collapse of the CDO and CDS markets

empiricalsupport: arguedeconomics

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• Qualification: Financial Market Regulation after the Crisis: The Case for Hedge Fund Regulation via Basel III
• Qualification: Hedge Fund Regulation - In Response to the Financial Crisis