
Systems at Risk Episode 3 | Craig Pirrong, Professor of Finance and Director, Global Energy Management Institute, Bauer College of Business University of Houston
SmarterMarkets™
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How to Reduce Liquidity Risk in the Market
The crash of 87 is a very good real world example. And it's such an important point, that transforming credit risk to ty risk, often can end up creating systemic risk to the whole thing. I'd love if you could walk through, like maybe an undergraduate level example of of how that works.
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