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Collateralized debt obligations (CDOs) and collateralized loan obligations(CLOs) were criticised for playing a key role in causing the financial crash of 2008. Despite such criticism,
- Collateralized debt obligations (CDOs) and collateralized loan obligations(CLOs) were criticised for playing a key role in causing the financial crash of 2008. Despite such criticism, the CLO market has grown year on year, with record issuances during 2020 and 2021. Why have CLOs remained popular and, from the perspective of an investor, what is the appeal of CLOs?
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Derivatives Markets
Authors: Robert McDonald
3rd Edition
978-9332536746, 9789332536746
