Fall of AIG

William K. Sjostrom

doi:10.1057/978-1-349-95189-5_2979

Fall of AIG

William K. Sjostrom

Cork University Business School

Research output: Chapter in Book/Report/Conference proceedings › Chapter › peer-review

Abstract

This article provides a brief overview of AIG’s operations and explains why AIG suddenly collapsed. It then details the terms of the initial US government bailout and later restructurings. Finally, the article describes the regulatory gap exploited by AIG and ensuing regulatory reform.

Original language	English
Title of host publication	The New Palgrave Dictionary of Economics, Third Edition
Publisher	Palgrave Macmillan
Pages	4413-4420
Number of pages	8
ISBN (Electronic)	9781349951895
ISBN (Print)	9781349951888
DOIs	https://doi.org/10.1057/978-1-349-95189-5_2979
Publication status	Published - 1 Jan 2018

Keywords

AIG
American International Group
CDO
CDS
Collateralized debt obligations
Credit default swaps
Derivatives
Tranching

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10.1057/978-1-349-95189-5_2979

Cite this

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KW - Tranching

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Fall of AIG

Abstract

Keywords

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