Downfall of Lehman Brothers: Impact on the US and India

Jump To References Section

Authors

  • Anjala Kalsie
     Assistant Professor, Faculty of Management Studies, University of Delhi, Delhi 110007 ,IN

Keywords:

Financial Crisis, Financial Market, Regulation and Bankruptcy
Business Planning

Abstract

Financial mess has been happening in the past and will surely continue in the future too, the very magnitude of Lehman's bankruptcy was unprecedented in the history of financial markets across the world. The functioning of global economy leaves no doubt that the process of financial development and globalization is susceptible to crisis. All problems in finance and financial regulation need to be addressed at a national as well as global level to ensure that the benefits of financial developments are available to everyone and can be sustained in the long term. Hence, effective and stringent regulation of the financial system is required to ensure sustained financial development with stability. Possible lessons from the crisis for India are that it should further strengthen regulation at the systemic and institutional levels and make supervision more effective. In addition, there is also a need to improve risk management skills. Finally, it is essential that India actively pursues the challenge of financial inclusion.

Downloads

Download data is not yet available.

Metrics

Metrics Loading ...

Downloads

Published

2015-01-16

How to Cite

Kalsie, A. (2015). Downfall of Lehman Brothers: Impact on the US and India. Journal of Business Thought, 5, 3–17. Retrieved from https://informaticsjournals.co.in/index.php/jbt/article/view/21208

Issue

Volume 5, April 2014-March 2015

Section

Articles

License

All the articles published in JBT are distributed under a creative commons license. The journal allows the author(s) to hold the copyright of their work (all usages allowed except for commercial purpose).
Received 2018-05-16
Accepted 2018-05-16
Published 2015-01-16

 

References

Anderson J., E. Dash, V. Bajaj, E. Andrews (2008), "US Gives Banks Urgent Warning to Solve Crisis”, The New York Times, September 13.

Anderson, J. (2008), "Wall Street's Fears on Lehman Bros. Batter Markets”, The New York Times, September 09.

Anderson, J. and E. Dash (2008), "Struggling Lehman Plans to Lay off 1,500”, The New York Times, August 29.

Anderson, J. and Andrew Ross Sorkin (2008), "As Pressure Builds, Lehman Said to Be Looking for a Buyer”, The New York Times, September 11.

Cole, Robert J. (2008), "Barclays Buys Core Lehman Assets”, BBC News, September 17.

Geisst, Charles R. (1997), "The Last Partnerships”, McGraw-Hill, pp. 49-50, 51, 285, 53,77,78 . Government of India (2010), Ministry of Finance, Economic Survey 2009-10, New Delhi.

Grynbaum, M. (2008), "Wall St.'s Turmoil Sends Stocks Reeling”, The New York Times, September 15.

Krugman, P. (2007), "Innovating Our Way to Financial Crisis”, TheNew York Times, December 3.

Kulikowski, Laura (2007), "Lehman Brothers Amputates Mortgage Arm”, TheStreet.com, October 22.

Mohan, Rakesh (2008), "Global Financial Crisis and Key Risks: Impact on India and Asia”, http://rbidocs.rbi.org.in/rdocs/Speeches/PDFs/87784.pdf

Moore, Heidi N. (2008), "Dick Fuld's Vendetta against Short-Sellers - and Goldman Sachs”, The Wall Street Journal, October 07.

Niranjan Rajadhyaksha, (2008), "Meltdown Deconstructed”, The Hindustan Times, October 14.

Nocera, Joe (2009), "Lehman Had to Die So Global Finance Could Live”, The New York Times, September 11.

Prime Minister of India's statement at the Summit of Heads of State or Governments of the G-20 countries on "Financial Markets and the World Economy” held at Washington on November 15, 2008.

Quint, Michael (1993), "Primerica Will Buy Shearson for $1 Billion” , The New York Times, March 13.

Reserve Bank of India (2008a), "Handbook of Statistics on the Indian Economy”, Mumbai.

Reserve Bank of India (2008b), "Macroeconomic and Monetary Developments in 2008-09”, Mumbai.

Reserve Bank of India (2009a), "Handbook of Monetary Statistics of India”, Mumbai.

Reserve Bank of India (2009b), "Macroeconomic and Monetary Developments - First Quarter Review 2009-10”, Mumbai.

Thomas, Landon Jr. (2003), "Market Place; Lehman to Buy Neuberger Berman for $2.6 Billion”, The New York Times, July 23.

Truell, Peter (1996), "Pettit Resigns as President of Lehman Brothers Firm”, The New York Times, November 27.

Wechsberg, Joseph (1966), "The Merchant Bankers”, Pocket Books, pp. 233 -235, 238, 241.

White, B. (2008), "Lehman Sees $3.9 Billion Loss and Plans to Shed Assets”, The New York Times, September 10.

White, B. and J. Anderson (2008), "Lehman Heads Toward Brink as Barclays Ends Talks”,The New York Times, September 14.