{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/2998097-004",
 "identifier": "kaal:claim:2998097-004",
 "text": "Banks overexposed themselves to private investment fund lending, which allowed LTCM and similar funds to grow significantly and led banks as counterparties to put their own existence at risk.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Wulf A. Kaal, Private Investment Fund Regulation - Theory and Empirical Evidence from 1998 to 2016 (2017). SSRN: https://ssrn.com/abstract=2998097",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Private Investment Fund Regulation - Theory and Empirical Evidence from 1998 to 2016",
  "datePublished": "2017",
  "url": "https://ssrn.com/abstract=2998097",
  "sha256": "0955054f49c7011d33c285579bb046e6b284e42755b10fd2546a728c202669d5",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Private%20Investment%20Fund%20Regulation%20-%20Theory%20and%20Empirical%20Evidence%20from%201998%20to%202016.pdf"
 },
 "keywords": [
  "systemic-risk",
  "defi",
  "risk-and-incentives"
 ],
 "about": [
  "bank-lending",
  "counterparty-risk",
  "ltcm",
  "overexposure"
 ],
 "abstract": "However, banks overexposed themselves to private investment fund lending, allowing LTCM and other private investment funds to grow significantly. As counterparties to private investment funds, such as LTCM, banks put their own existence at risk with their lending practices.",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "failure"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "argued"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "banks lending to private investment funds",
    "pre 1998 lending practices"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": true
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/0f211060f5e33bdf45c3b3e05f7621246bba1679683f2765769a4c798806202b.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": [
    {
     "rel": "restated_by",
     "to": "https://wulfkaal.github.io/claims/3405660-011",
     "to_id": "kaal:claim:3405660-011",
     "similarity": 0.478
    },
    {
     "rel": "supports",
     "to": "https://wulfkaal.github.io/claims/1806252-013",
     "to_id": "kaal:claim:1806252-013",
     "similarity": 0.305
    }
   ]
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "0f211060f5e33bdf45c3b3e05f7621246bba1679683f2765769a4c798806202b",
 "canonicalForm": "https://wulfkaal.github.io/claims/2998097-004.md"
}