Cleveland Fed Researchers Examine Derivatives, Systemic Risk – 2009 Annual Report Essay: Putting Systemic Risk on the Radar Screen

Cleveland Fed Researchers Examine Derivatives, Systemic Risk As Congress works on finalizing financial reform legislation, there is widespread agreement about the need for better management of systemic risk. But in order to manage systemic risk, you need to be able to define and measure it, says researcher Joseph Haubrich, writing in the Federal Reserve Bank … Read more

The Role of Derivatives in the Financial Crisis – Credit Default Swaps and the Economic Meltdown

Testimony of Michael Greenberger Law School Professor University of Maryland School of Law ~ Financial Crisis Inquiry Commission Hearing Dirksen Senate Office Building, Room 538 Washington DC Wednesday, June 30, 2010, 9am EDT ~ Introduction ~ I have been asked by the Commission to address the following four questions in my testimony: The history of … Read more