Is denial of the possibility of financial asset market failure responsible for an economic holocaust? (SoMWP0902). / McSweeney, Brendan.

Egham, TW20 0EX : The School of Management, Royal Holloway University of London, 2009. (School of Management Working Papers; No. SoMWP-0902).

Research output: Working paper

Published

Standard

Is denial of the possibility of financial asset market failure responsible for an economic holocaust? (SoMWP0902). / McSweeney, Brendan.

Egham, TW20 0EX : The School of Management, Royal Holloway University of London, 2009. (School of Management Working Papers; No. SoMWP-0902).

Research output: Working paper

Harvard

McSweeney, B 2009 'Is denial of the possibility of financial asset market failure responsible for an economic holocaust? (SoMWP0902)' School of Management Working Papers, no. SoMWP-0902, The School of Management, Royal Holloway University of London, Egham, TW20 0EX. https://doi.org/978-1-905846-26-9

APA

McSweeney, B. (2009). Is denial of the possibility of financial asset market failure responsible for an economic holocaust? (SoMWP0902). (School of Management Working Papers; No. SoMWP-0902). The School of Management, Royal Holloway University of London. https://doi.org/978-1-905846-26-9

Vancouver

McSweeney B. Is denial of the possibility of financial asset market failure responsible for an economic holocaust? (SoMWP0902). Egham, TW20 0EX: The School of Management, Royal Holloway University of London. 2009 Feb. (School of Management Working Papers; SoMWP-0902). https://doi.org/978-1-905846-26-9

Author

McSweeney, Brendan. / Is denial of the possibility of financial asset market failure responsible for an economic holocaust? (SoMWP0902). Egham, TW20 0EX : The School of Management, Royal Holloway University of London, 2009. (School of Management Working Papers; SoMWP-0902).

BibTeX

@techreport{fe0d5607dac44d77866d41c542755eca,
title = "Is denial of the possibility of financial asset market failure responsible for an economic holocaust? (SoMWP0902)",
abstract = "Throughout the world every economic and socio-economic indicator has deteriorated. The so-called {\textquoteleft}real economy{\textquoteright} has been deeply contaminated by the most significant global financial crisis for seven decades. The ultimate extent and duration of this rampant degeneration and its longer-term political effects are unpredictable. What caused the crisis? This paper examines a range of suppositions made in theories which deny the possibility of financial asset market failure and identifies ways in which they contributed to the circumstances and actions which created the current crisis.",
keywords = "credit crisis, incentives, irrationalities, leverage, light-touch, market failure denial, regulation, shareholder value, short-termism, speculation, toxic assets",
author = "Brendan McSweeney",
year = "2009",
month = feb,
doi = "978-1-905846-26-9",
language = "English",
series = "School of Management Working Papers",
publisher = "The School of Management, Royal Holloway University of London",
number = "SoMWP-0902",
type = "WorkingPaper",
institution = "The School of Management, Royal Holloway University of London",

}

RIS

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T1 - Is denial of the possibility of financial asset market failure responsible for an economic holocaust? (SoMWP0902)

AU - McSweeney, Brendan

PY - 2009/2

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N2 - Throughout the world every economic and socio-economic indicator has deteriorated. The so-called ‘real economy’ has been deeply contaminated by the most significant global financial crisis for seven decades. The ultimate extent and duration of this rampant degeneration and its longer-term political effects are unpredictable. What caused the crisis? This paper examines a range of suppositions made in theories which deny the possibility of financial asset market failure and identifies ways in which they contributed to the circumstances and actions which created the current crisis.

AB - Throughout the world every economic and socio-economic indicator has deteriorated. The so-called ‘real economy’ has been deeply contaminated by the most significant global financial crisis for seven decades. The ultimate extent and duration of this rampant degeneration and its longer-term political effects are unpredictable. What caused the crisis? This paper examines a range of suppositions made in theories which deny the possibility of financial asset market failure and identifies ways in which they contributed to the circumstances and actions which created the current crisis.

KW - credit crisis

KW - incentives

KW - irrationalities

KW - leverage

KW - light-touch

KW - market failure denial

KW - regulation

KW - shareholder value

KW - short-termism

KW - speculation

KW - toxic assets

U2 - 978-1-905846-26-9

DO - 978-1-905846-26-9

M3 - Working paper

T3 - School of Management Working Papers

BT - Is denial of the possibility of financial asset market failure responsible for an economic holocaust? (SoMWP0902)

PB - The School of Management, Royal Holloway University of London

CY - Egham, TW20 0EX

ER -