Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/70724 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
Working Paper No. 2009-20
Verlag: 
Federal Reserve Bank of Atlanta, Atlanta, GA
Zusammenfassung: 
We explore how a relatively small amount of heterogeneous securities created turmoil in financial markets in much of the world in 2007 and 2008. The drivers of the financial turmoil and the financial crisis of 2008 were heterogeneous securities that were hard to value. These securities created concerns about counterparty risk and ultimately created substantial uncertainty. The problems spread in ways that were hard to see in advance. The run on prime money market funds in September 2008 and the effects on commercial paper were an important aspect of the crisis itself and are discussed in some detail.
Schlagwörter: 
financial crisis
contagion
collateralized debt obligations
ABX
money market funds
JEL: 
G01
G21
G23
G28
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
399.18 kB





Publikationen in EconStor sind urheberrechtlich geschützt.