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The thesis studies three pivotal episodes in the evolution of what became the Global Financial Crisis of 2008-09. These three events - the collapse of the US housing market, the breakdown of the repo money market, and the banking crash - are indispensable for understanding some of the key...
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This book is about the pricing of liquidity. We present theory and evidence on how liquidity affects securities prices …, why liquidity varies over time, how a drop in liquidity leads to a drop in prices, and why liquidity crises create … liquidity spirals. The analysis has implications for traders, risk managers, central bankers, performance evaluation, economic …
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La 4e de couverture indique : "Il n'existe pas de débiteur sous procédure collective sans un créancier ayant la qualité d'établissement de crédit? Le risque de défaillance d'entreprise est l'un des plus importants pour le secteur bancaire, confronté à gérer d'innombrables dossiers de...
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