A column in the Wall Street Journal observes: Many regulators, politicians and academics consider credit default swaps

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A column in the Wall Street Journal observes: “Many regulators, politicians and academics consider credit default swaps to be insurance contracts.” Briefly explain the reasoning behind this observation.

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Money, Banking, and the Financial System

ISBN: 978-0134524061

3rd edition

Authors: R. Glenn Hubbard, Anthony Patrick O'Brien

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Question Posted: Jan 03, 2019 07:59 AM

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A column in the Wall Street Journal observes: Many regulators, politicians and academics consider credit default swaps

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Credit default swaps insure the value of the ...View the full answer

Money, Banking, and the Financial System

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