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The Weekend That Changed Wall Street

Publication date: 20 January 2017


This case examines the causes and consequences of the Lehman Brothers bankruptcy during one of the most fascinating weekends in financial history. It's about the commercial paper market, a major funding market served by Lehman Brothers, and the events that led to “breaking the buck” on money market funds. It also examines the CDS market where Lehman was such a big player, the potential impact that CDSs had on the crisis, and the notion and validity of the too-big-to-fail hypothesis.



Allayannis, G.(Y). and Brandriff, C. (2017), "The Weekend That Changed Wall Street", .



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