The Trouble With Hedge Funds
Bibliographic Data
| ID | 4854821 |
|---|---|
| Authors | Adam Harmes (0000-0002-1531-3574, York University, corresponding author) |
| Year | 2002 |
| Volume | 19 |
| Issue | 1 |
| Pages | 156-176 |
| Publication date | 2002-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Review of Policy Research (JOURNAL) |
| Journal identifiers | ISSN: 1541-132X • E-ISSN: 1541-1338 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1541-1338.2002.tb00233.x |
| OpenAlex | W2027228947 |
| Language | EN |
| Citations received | 5 |
This article examines the impact of hedge funds on the workings of international financial markets and their implications for public policy. In contrast to the neoclassical view of hedge funds, which views them as being'too-small-to-matter, this article argues that the activities of hedge funds are significant for policymakers because of their ability to become extensively overleveraged and to act as market leaders. I consider the role played by hedge funds in financial crises, market volatility, market manipulation and systemic risk. The article concludes with a critical review of recent proposals for dealing with the public policy issues raised by hedge funds
Alternative beta · Business · Corporate governance · Economics · Financial economics · Financial market · Financial system · Fund of funds · Global assets under management · Hedge accounting · Hedge fund · Institutional investor · Market liquidity · Open-end fund · Public economics · Public fund · State Capitalism and Financial Governance · Finance
| Unique citing works | 5 |
|---|---|
| Citations per year | 0.29 |
| Citation span | 2009 - 2019 (11) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 5 |