Prior to the financial crisis in 2008, you could buy a CDS on a security without actually

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Prior to the financial crisis in 2008, you could buy a CDS on a security without actually owning that security. Why is that a problem?

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Posted Date: Sep 05, 2020 03:50 AM

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Prior to the financial crisis in 2008, you could buy a CDS on a security without actually

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A CDS contract involves the transfer of the credit risk of municipal bonds emerging market bonds mor... View the full answer

Money Banking and Financial Markets

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