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Resilience of the US securities industry to the global financial crisis

Abstract:

The global financial crisis was underpinned by the securitization of subprime mortgages led by US investment banks, and its outbreak was marked by the bankruptcy of Lehman Brothers on 15 September 2008. This paper investigates the resilience of the US securities industry to this shock and its evolution between 2008 and 2016, with focus on employment, location, remuneration, sell-side versus buy-side dynamics, and gender. Results show that the US securities industry has suffered significant lo...

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Publication status:
Published
Peer review status:
Peer reviewed

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Institution:
University of Oxford
Division:
SSD
Department:
SOGE
Sub department:
Geography
Oxford college:
St Peter's College
Role:
Author
More by this author
Institution:
University of Oxford
Division:
SSD
Department:
SOGE
Sub department:
Geography
Oxford college:
St Peter's College
Role:
Author
ORCID:
0000-0002-7503-2387
More from this funder
Name:
Horizon 2020
Grant:
681337
Publisher:
Elsevier
Journal:
Geoforum More from this journal
Volume:
91
Pages:
182-194
Publication date:
2018-03-13
Acceptance date:
2018-02-28
DOI:
ISSN:
0016-7185
Language:
English
Keywords:
Pubs id:
pubs:828174
UUID:
uuid:06ea0b5f-0546-462f-b8a5-fb2f6880f76c
Local pid:
pubs:828174
Source identifiers:
828174
Deposit date:
2018-03-07

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