Unregulated Entities, Products, and Markets: Challenges for Monitoring and Regulation
Morgan, Peter | August 2009
Abstract
The implications for financial stability of lightly regulated and highly leveraged financial institutions such as hedge funds and private equity funds, together with innovative financial products such as derivatives and asset-backed securities, remain a subject of controversy, especially in the current global financial crisis, where issues of systemic risk have not only national, but regional and global implications. This policy brief examines hedge funds, private equity funds, and innovative financial products, particularly collateralized debt obligations and asset-backed securities, including their overall structure, their role in the development of the current global financial crisis, and what changes are needed in the global financial architecture related to these institutions and products to strengthen financial stability going forward.
Citation
Morgan, Peter. 2009. Unregulated Entities, Products, and Markets: Challenges for Monitoring and Regulation. © Asian Development Bank. http://hdl.handle.net/11540/4073. License: CC BY 3.0 IGO.ISSN
1882-6717
Keywords
Economic Crisis
Economic Efficiency
Economic Policies
Regional Economic Development
Job Evaluation
Evaluation
Crisis
Unemployment
Economic cooperation
Gross domestic product
Employment
Economic forecast
Financial crisis
Labor economics
Regional economics
Turnover
Economic survey
Job analysis
Labor turnover
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Citable URI
http://hdl.handle.net/11540/4073Metadata
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