ИПИ Библиотека

Fischer Black

Throughout his career Fisher Black has described a view of business fluctuations based on the idea that a well-developed economy will be continually in equilibrium. In the essays that constitute this...

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...