Forty years ago, a highly controversial study warned that we had to curb growth or
risk global meltdown.
Not exact matches
He continued to try to coax provinces into voluntarily joining a national regulator, but also began drafting a law allowing Ottawa to regulate some of those broader
risks the court mentioned, including murkier corners of capital markets like over-the-counter derivatives, often blamed for the much of the 2008
global credit
meltdown.
Aug 25, 2015: The «quant
meltdown» of August 2007 and the subsequent unfolding of the
global financial crisis highlighted the
risks of crowded investment strategies.
Rajan shows how the individual choices that collectively brought about the economic
meltdown — made by bankers, government officials, and ordinary homeowners — were rational responses to a flawed
global financial order in which the incentives to take on
risk are incredibly out of step with the dangers those
risks pose.
Das (2008) conceded that contrary to his earlier view of financial globalization «eliminating» credit
risks, in fact «[p] artial blame for the fall 2008
meltdown of the
global financial market does justly go to globalization.»
Stop me if this sounds familiar: A slew of large companies fail to disclose millions of dollars in speculative
risks; iconic investment firms also neglect to scrutinize these
risks; it all adds up to a
global financial
meltdown.