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2010 | nr 140 | 359--369
Tytuł artykułu

Przyczyny upadku Lehman Brothers

Warianty tytułu
Relations for Lehman Brothers Bankrupticy
Języki publikacji
PL
Abstrakty
Celem opracowania jest przedstawienie wydarzeń, które doprowadiły do ostatecznego upadku Lehman Brothers, pokazane wagi tych wydarzeń i ich logicznego powiązania. Opracowanie nie oferuje modelu analtycznego, jest analizą faktów, wydarzeń oraz konsekwencji upadku Lehman Brothers. Ma zatem zaoferować podstawę do analizy rozwiązań,które w przyszłości pomogą lepiej zdefiniować oraz regulować instytucję too big to fail oraz jej wpływ na stabilność systemu finansowego. (fragment tekstu)
EN
The collapse of the icon of investment banking - Lehman Brothers - the bank of morę than a 100-year tradition and the fourth-largest inyestment bank in the world, sets the moment for the global financial system, from which it can be spoken of the surrender in the fight against crisis, commonly known as "subprime crisis". Analyzing the sequence of events before and after the fall of Lehman Brothers, it can be stated that the bankruptcy of the institution had both very painful and extremely broad implications, as it has lead nearly to the breakdown of the global financial system and, consequently, to the world deep-est recession after the Second World War. The paper presents a thorough analysis of the reasons which led to the bankruptcy of Lehman Brothers, it shows the logical connection and effects. The aim of the study is to look at the collapse of Lehman Brothers from the perspective of the falling financial institution, and mus offer a platform for further research on better solutions that would enhance the stability ofthe financial system. The study was based on extensive foreign literature on the subject of: subprime crisis and the collapse of Lehman Brothers. Extremely valuable for the emergence ofthe paper were discussions at meetings at University of Chicago, Booth School of Business and during the international conference at New York University, Stern School of Business. (original abstract)
Rocznik
Numer
Strony
359--369
Opis fizyczny
Twórcy
  • Szkoła Główna Handlowa w Warszawie
Bibliografia
  • Acharya V., Richardson M. (2009), Restoring Financial Stability - How to Repair a Failed System, New York University Stern School of Business, Willey Finance.
  • Acharya V., Philippon T., Richardson M., Roubini N. (2009), The Financial Crisis of 2007--2009: Causes and Remedies, w: Restoring Financial Stability: How To Repair a Failed System, V. Acharya, M. Richardson (red.), Wiley &Sons.
  • Benmelech E., Długosz J. (2008), The Alchemy of CDO Ratings, Harvard University working paper.
  • Brunnermeier K.M. (2009), Deciphering the Liquidity and Credit Crunch 2007-2008, Journal of Economic Perspectives, vol. 23.
  • Demyanyk Y, Van Hemert O. (2008), Understanding the Subprime Mortgage Crisis, working paper.
  • Diamond D.W., Rajan R.G. (2009), The Credit Crisis: Conjectures about Causes and Remedies, University of Chicago Booth School of Business working paper.
  • Kroszner R.S. (2009), wykład podczas konferencji "The fifth New York FED/NYU Stern conference on financial intermediation", 13 listopada 2009, NYU Stern School of Business.
  • Lucas D., Goodman L. Fabozzi F. (2006), Collateralized Debt Obligations: Structures and Analysis, Hoboken, New Jersey, Wiley Finance.
  • Rajan R. (2008), A View of the Liquidity Crisis, speech at the University Of Chicago BSB, February 2008.
  • Rajan R. (2009), Too Systemic to Fail: Consequences, Causes, and Potential Remedies, Written statement by Raghuram G. Rajan, Eric Gleacher Distinguished Service Professor of Finance at the University of Chicago's Booth School of Business to the Senate Banking Committee Hearings on May 6lh 2009.
  • Staniszewski M., Staniszewska A. (2009), Subprime Mortgage Crisis: Causes and Consequences, working paper admitted to Finanse, April 2009.
  • Summers L. (2009), Fox News Sunday's Interview, 26 kwietnia 2009.
  • Zingales L. (2008), Causes and Effects of the Lehman Brothers Bankruptcy, University of Chicago GSB and NBER paper.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171197315

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