A special report on financial risk: When the river runs dry  

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Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 394 no. 8669 (Feb. 2010), page 50+10.
Topik: financial Market; Financial Risk; Liquidity
Fulltext: When the river runs dry.pdf (321.51KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.59 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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STAMPEDING crowds can generate pressures of up to 4,500 Newtons per square metre, enough to bend steel barriers. Rushes for the exit in financial markets can be just as damaging. Investors crowd into trades to get the highest risk-adjusted return in the same way that everyone wants tickets for the best concert. When someone shouts “fire”, their flight creates an “endogenous” risk of being trampled by falling prices, margin calls and vanishing capital-a “negative externality” that adds to overall risk, says Lasse Heje Pedersen of New York University.

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