What Caused The Current Financial Mess and What Can We Do About It?

John H Boyd, Ravi Jagannathan, Sungkyu Kwak

Research output: Contribution to journalArticlepeer-review

Abstract

The authors review the causes of the financial crisis and present evidence that “too big to fail” institutions grew faster than the economy and smaller financial firms. This growth resulted from excessive risk taking by large institutions, which disproportionately contributed to systemic risk. The authors offer suggestions to improve existing regulations.
Original languageEnglish
JournalCFA Digest
Volume40
StatePublished - 2010

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