summary article financial institution

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2 pages double space Document Preview: This article appeared in a journal published by Elsevier. The attached copy is furnished to the author for internal non-commercial research and education use, including for instruction at the authors institution and sharing with colleagues. Other uses, including reproduction and distribution, or selling or licensing copies, or posting to personal, institutional or third party websites are prohibited. In most cases authors are permitted to post their version of the article (e.g. in Word or Tex form) to their personal website or institutional repository. Authors requiring further information regarding Elsevier’s archiving and manuscript policies are encouraged to visit: http://www.elsevier.com/copyright Author's personal copy Introduction Market institutions, financial market risks, and the financial crisis In 2008, the National Bureau of Economic Research (NBER) decided to launch a research project to explore why the financial crisis was so virulent and so damaging to the economy. James Poterba, the chief executive officer of the NBER, obtained generous funding from the Sloan Foundation to support the project. He asked us to organize the project, with a focus on how interactions between financial institutions, markets, and regulations affected the crisis
how such interactions could (or should) change
and how internal incentives and pressures might have affected the behavior of financial institutions. We started by creating a list of questions that we thought should be answered in order for the financial crisis to be better understood. That list is in the Appendix that follows this introduction. We launched a call for proposals and selected a number of papers for short presentations at the NBER Summer Institute in 2009. After that meeting, we chose twelve papers, which were presented at a conference in June 2010. This issue of the Journal of Financial Economics collects six of those papers. All six went through the Journal’s normal refereeing process and were... Attachments: FINEC2137.pdf Jul 31 2013 07:20 AM

 

Solution ID:608799 | This paper was updated on 26-Nov-2015

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