Publication
28 Jan 2010
Did allowing financial institutions to become 'too big' play a role in the financial crisis? This CEPS Commentary argues that being 'too interconnected' is also a factor, and that US accounting standards should recognise gross derivatives exposure on the balance sheet to make this interconnectedness, and the resulting exposure, clear.
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English (PDF, 3 pages, 301 KB) |
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Author | Daniel Gros |
Series | CEPS Commentaries |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2010 Centre for European Policy Studies (CEPS) |