Question: could you please summarize this article: Does a Central Clearing Counterparty Reduce Counterparty Risk? Darrell Duffie and Haoxiang Zhu Link: https://web.stanford.edu/~duffie/DuffieZhu.pdf Thank you

could you please summarize this article: Does a Central Clearing Counterparty Reduce Counterparty Risk? Darrell Duffie and Haoxiang Zhu

Link: https://web.stanford.edu/~duffie/DuffieZhu.pdf

Thank you

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