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The Akerlof article shows that for a product with uncertain quality, such as an automobile, it may not be possible for a stable and sustainable
The Akerlof article shows that for a product with uncertain quality, such as an automobile, it may not be possible for a stable and sustainable equilibrium to develop for used cars. Apply the lessons of the Akerlof article to the market for collateralized mortgage obligations (CMOs) prior to the Financial Crisis of 2008/09. What institution(s) were developed to create a market for CMOs
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
