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fall of AIG, the

William K. Sjostrom Jr.
From The New Palgrave Dictionary of Economics, Online Edition, 2011
Edited by Steven N. Durlauf and Lawrence E. Blume
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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.
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Article

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How to cite this article

Sjostrom, William K., Jr. "fall of AIG, the." The New Palgrave Dictionary of Economics. Online Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2011. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 16 September 2014 <http://www.dictionaryofeconomics.com/article?id=pde2011_A000261> doi:10.1057/9780230226203.3853

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