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Article: 9: systemic risks from hedge fund activity.(Hedge Funds, IMF)
- Article from:
- Foundations and Trends in Finance
- Article date:
- March 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 Now Publishers, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In 1997, after the famous attack on Sterling by George Soros's funds in 1992 and given the current Asian Currency Crisis, regulators took an active interest in hedge fund activities. The IMF initiated a study of the impact of hedge funds on financial markets which resulted in the study by Eichengreen and Mathieson [42]. This study provides information on the activities of hedge funds and analyzed the policy implications with particular reference to the issue of market impact of hedge funds. A major difficulty with this kind of study is the fact that hedge fund positions are difficult to obtain. Except for very large positions in certain futures contracts, foreign ...