Viral V. Acharya, Matthew Richardson , Stijn Van Nieuwerburgh, Lawrence J. White
The financial collapse of Fannie Mae and Freddie Mac in 2008 led to one of the most sweeping government interventions in private financial markets in history. The bailout has already cost American...
Francis X. Diebold , Neil A. Doherty , Richard J. Herring
A clear understanding of what we know, don't know, and can't know should guide any reasonable approach to managing financial risk, yet the most widely used measure in finance today--Value at Risk, or...
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