{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/2748096-038",
 "identifier": "kaal:claim:2748096-038",
 "text": "Hedge funds now supply funding to the banking system that may be rapidly withdrawn during a liquidity crisis and supply a substantial share of the sellers' side of the credit default swap market, thereby assuming risks traditionally held by investment banks and insurance companies.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Wulf A. Kaal, Timothy A. Krause, Hedge Funds and Systemic Risk (2016). SSRN: https://ssrn.com/abstract=2748096",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Hedge Funds and Systemic Risk",
  "datePublished": "2016",
  "url": "https://ssrn.com/abstract=2748096",
  "sha256": "8f30260f2c1db728b45c4f3b9b7c64358cf9d3217277bc3c63a910c32f87b508",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Krause%20-%202016%20-%20Hedge%20Funds%20and%20Systemic%20Risk.pdf"
 },
 "keywords": [
  "systemic-risk"
 ],
 "about": [
  "shadow-banking",
  "credit-default-swaps",
  "bank-funding",
  "regulatory-oversight"
 ],
 "abstract": "He highlights the risk that hedge funds are providing funding to the banking system, which may be rapidly withdrawn during a liquidity crisis.",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "mechanism"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "argued"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "applies to hedge funds operating within the shadow banking system"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": false
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/84e9ece521ca57e73c2a4b17e9d4dfc50d0b53ccdc1342cc966a65deba2d9ce8.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": []
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "84e9ece521ca57e73c2a4b17e9d4dfc50d0b53ccdc1342cc966a65deba2d9ce8",
 "canonicalForm": "https://wulfkaal.github.io/claims/2748096-038.md"
}