fall of AIG, the : The New Palgrave Dictionary of Economics

Table of Contents
- Abstract
- Keywords
- Article
- - Introduction
  - AIG’s pre-bailout operations
    - Overview
    - AIG’s credit default swap business
  - AIG’s collapse
  - The bailout
  - Regulatory gap and response
  - Conclusion
- See Also
- Bibliography
- How to cite this article

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fall of AIG, the

From The New Palgrave Dictionary of Economics, Online Edition, 2011

Edited by Steven N. Durlauf and Lawrence E. Blume

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.

Keywords

AIG; American International Group; CDO; CDS; collateralized debt obligations; credit default swaps; derivatives; tranching

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. 19 May 2013 <http://www.dictionaryofeconomics.com/article?id=pde2011_A000261> doi:10.1057/9780230226203.3853

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