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Some Lessons on the Rescue of Long-Term Capital Management

Federal Reserve Bank of Cleveland Policy Discussion Paper No. 19

14 Pages Posted: 21 May 2007  

Joseph G. Haubrich

Federal Reserve Bank of Cleveland

Date Written: April 2007

Abstract

This paper reviews the restructuring and recapitalization of Long-Term Capital Management, looking at possible alternatives and paying particular attention the Federal Reserve's role.

Keywords: Hedge Funds, Financial Crises

JEL Classification: G18, G24, E58

Suggested Citation

Haubrich, Joseph G., Some Lessons on the Rescue of Long-Term Capital Management (April 2007). Available at SSRN: https://ssrn.com/abstract=987558 or http://dx.doi.org/10.2139/ssrn.987558

Joseph G. Haubrich (Contact Author)

Federal Reserve Bank of Cleveland ( email )

East 6th & Superior
Cleveland, OH 44101-1387
United States
216-579-2802 (Phone)
216-579-3050 (Fax)

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