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Learning From the Global Financial CrisisCreatively, Reliably, and Sustainably$
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Paul Shrivastava and Matt Statler

Print publication date: 2012

Print ISBN-13: 9780804770095

Published to Stanford Scholarship Online: June 2013

DOI: 10.11126/stanford/9780804770095.001.0001

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PRINTED FROM STANFORD SCHOLARSHIP ONLINE (www.stanford.universitypressscholarship.com). (c) Copyright Stanford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in SSO for personal use.date: 17 September 2021

A Critique of Managing the Global Financial Crisis

A Critique of Managing the Global Financial Crisis

Lessons from Technological Crisis Management

Chapter:
(p.205) 12 A Critique of Managing the Global Financial Crisis
Source:
Learning From the Global Financial Crisis
Author(s):

Brett Messing

Publisher:
Stanford University Press
DOI:10.11126/stanford/9780804770095.003.0013

This chapter presents a critique of the comparison of financial and technological crises. It explores the ultracomplexity of some trading businesses, such as debt securitization and derivatives. These have evolved in complexity beyond the understanding of risk managers and bank chief executive officers. This chapter suggests that introducing transparency into the balance sheets of investment banks can lead to a more optimal capital structure that is better equipped to handle financial market meltdowns.

Keywords:   financial crisis, technological crisis, debt securitization, investment banks, transparency, financial market meltdowns

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