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Skalenvorteilen entsprechend zerlegt. Neben diesen Folgen für die Anbieter von Finanzprodukten ist die Geldpolitik, deren …
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While the unfolding financial turmoil has involved new elements, more fundamental elements have remained the same. New elements include structured credit, the originate-to-distribute business model and the tri-party repurchase agreement. The recurrence of crises reflects a basic procyclicality...
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