Hedge Funds in the Periphery: An Analysis of Structures Influencing Fund Behavior in the Icelandic and Cypriot Financial Crises

Hedge funds are often viewed from a positive or negative lens in the public and academic forum. However, both of these perspectives neglect structuralist factors. This paper analyzes the effect of these antecedent economic, political, and legal structures. I argue that these structures are at the ro...

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Bibliographic Details
Main Author: Mah, Jameson K
Format: Text
Language:unknown
Published: Digital Commons @ IWU 2019
Subjects:
hedge funds
currency market
distressed debt
sovereign debt
restructuring
Eurozone crisis
Iceland
Cyprus
Banking and Finance Law
Bankruptcy Law
Corporate Finance
Finance
International Business
Macroeconomics
Online Access:https://digitalcommons.iwu.edu/uer/vol15/iss1/12
https://digitalcommons.iwu.edu/cgi/viewcontent.cgi?article=1460&context=uer
Description
Summary:Hedge funds are often viewed from a positive or negative lens in the public and academic forum. However, both of these perspectives neglect structuralist factors. This paper analyzes the effect of these antecedent economic, political, and legal structures. I argue that these structures are at the root of hedge fund behavior, particularly during financial crises. The financial crises of two peripheral countries, Iceland and Cyprus, are used as case studies to illustrate how hedge fund involvement diverges as a result of structural factors.

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