The Credit Crisis - Correction or Catastrophe

This paper presents a range of scenarios for management to survive the credit crises and respond actively to manage their long-term objectives. Companies will need to focus on these two key issues: Balance sheet holes (whether there is a material risk to the earnings and solvency of particular institutions or whole categories of institution) and Liquidity holes (whether there will be further "Northern Rocks" as a result of funding short-falls).