Abstract
The global financial crisis which began in 2007 laid bare many vulnerabili- ties of the financial system. Many banks had too little good quality capital, too much liquidity risk, and too many risky assets. Banks, broker/dealers and hedge funds failed during the crisis, and matters would have been even worse had central banks not taken unprecedented actions to restore stability.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Copyright information
© 2013 David Murphy
About this chapter
Cite this chapter
Murphy, D. (2013). Introduction. In: OTC Derivatives: Bilateral Trading & Central Clearing. Global Financial Markets Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137293862_1
Download citation
DOI: https://doi.org/10.1057/9781137293862_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-45137-1
Online ISBN: 978-1-137-29386-2
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)