Anatomy of the Credit Crisis: The role of Faulty Risk Management Systems

Frank Milne

C.D. Howe Institute Commentary, 2008, issue 269

Abstract: The current credit market crisis reflects system-wide problems in the trading and hedging of credit risks. It started in the US mortgage market, but it has spread more generally into other credit markets, where perceived counter-party risks between financial institutions have risen, impairing their operation. This is an international, systemic problem, which has become more serious as time has passed.

Keywords: economic growth and innovation; financial services (search for similar items in EconPapers)
JEL-codes: E51 E58 F3 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (10)

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