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Credit-rating agencies underestimated risks
Component
1
#7153
Credit rating agencies failed to appreicate and state the true nature and scale of the risks faced by the insititutions they were rating.
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The Global Financial Crisis☜Exploring the causes, consequences and responses to the global financial crisis. ☜F1CEB7
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Immediate triggers of the financial crisis? »
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Immediate triggers of the financial crisis?☜What were the immediate triggers of the current financial crisis?☜FFB597
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Pathology in the Credit Default Swaps market »
Pathology in the Credit Default Swaps market
Pathology in the Credit Default Swaps market☜Credit Default Swaps, which originated as legitimate finance instruments that acted as a kind of insurance (offsetting risk in return for a premium), morphed into something more akin to high stakes gambling.☜59C6EF
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Complex financial instruments that few understood
Complex financial instruments that few understood☜The increasing complexity of Credit Default Swaps meant that very few people (and particularly the regulators) fully understood what was happening.☜9FDEF6
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Credit-rating agencies underestimated risks
Credit-rating agencies underestimated risks☜Credit rating agencies failed to appreicate and state the true nature and scale of the risks faced by the insititutions they were rating.☜9FDEF6
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Human cognitive biases☜Familiar cognitive errors that afflicted everyone: investors, home buyers, lenders, regulators.☜FFFACD
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Gemaakt door:
David Price
NodeID:
#7153
Node type:
Component
Gemaakt op (GMT):
10/10/2008 11:02:00 PM
Laatste bewerking (GMT):
10/10/2008 11:02:00 PM
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