This paper by New York University’s Jonas Prager outlines the major changes in the financial structure as well as the focal events that characterised the 2007-2008 global financial crisis and considers the evidence for the crucial role played by misaligned incentives.
Misaligned incentives, bank mismanagement, and troubling policy implications
banks, financial crisis, Goldman Sachs, incentives, misalignment, New York University, short termism
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