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Do Global Banks Spread Global Imbalances? The Case of Asset-Backed Commercial Paper During the Financial Crisis of 2007–09

Jacques Polak Research Conference at the IMF
Financial Frictions and Macroeconomic Adjustment
Washington DC, November 5—6, 2009
Session 4: Asset Prices and Crises
Chair: Jan Brockmeijer (Deputy Director, Monetary and Capital Markets Department, IMF)
Do Global Banks Spread Global Imbalances? The Case of Asset-Backed Commercial Paper During the Financial Crisis of 2007–09
Viral Acharya (New York University, NBER and [...]

Reposted with one comment

The financial system must be substantially reformed and put on a more stable basis. Who will do this?
From the Huffington Post…
~~~ “One reason — which has never been directly addressed by Obama — may be that many of his chief financial advisers have pocketed extraordinary amount of money from banks and Wall Street, [...]

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