Economics, Econometrics and Finance
4 years ago

Unveiling the Banking Model Behind the Financial Crisis: Manufacturing Tail Risk

Manufacturing Tail Risk: A Perspective on the Financial Crisis of 2007-09
Viral V. Acharya

Paper Summary

The article discusses how the financial crisis of 2007-09 happened and introduces a new banking model called "Manufacturing Tail Risk". It explores different reasons for the crisis and concludes with insights on the causes and consequences of the financial meltdown.

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