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I. THE FINANCIAL SYSTEM AND THE FINANCIAL CRISIS IN THE US, 2007/2008 1. Explain in a couple of sentences how the following contributed to the

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I. THE FINANCIAL SYSTEM AND THE FINANCIAL CRISIS IN THE US, 2007/2008 1. Explain in a couple of sentences how the following contributed to the financial crisis: (10) a. subprime mortgages b. securitization c. the shadow banking system d. leveraging in financial institutions e. maturity transformation

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