Question: B7. (7 marks) (a) (2 marks) Why is the originate-to-distribute business model of the shadow banking system subject to the principal-agent problem? (b) (2 marks)

B7. (7 marks) (a) (2 marks) Why is the originate-to-distribute business

B7. (7 marks) (a) (2 marks) Why is the originate-to-distribute business model of the shadow banking system subject to the principal-agent problem? (b) (2 marks) In what ways are the economic downturn caused by the COVID-19 pandemic similar to a financial crisis? (c) (3 marks) Can the COVID-19 pandemic lead to a financial crisis? Explain your

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