Greek crisis different from Lehman Brothers collapse

SMU Associate Professor of Finance, Dean of the Office of Executive & Professional Education, and Academic Director of the International Trading Institute @ SMU Annie Koh pointed out that “people are not really holding a lot of euros” as the euro is not a reserve currency. This results in a less drastic global impact. “When Lehman crisis took place, there was a squeeze for liquidity, and its dollar liquidity,” she added.