Question
The US and Chinese shadow banking system use different techniques to create information insensitive or safe investment products. a) What is a collateralized loan obligation
The US and Chinese shadow banking system use different techniques to create information insensitive or safe investment products.
a) What is a collateralized loan obligation (CLO)? Who issues CLOs?
b) Why do US investors consider senior tranches of CLOs as safe investments?
c) What is a Chinese wealth management product (WMP)? Who sells WMPs?
d) Why do Chinese investors consider WMPs as safe investments?
e) Are CLOs and WMPs indeed safe investments measured by default rates?
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Managerial Economics and Organizational Architecture
Authors: James Brickley, Jerold Zimmerman, Clifford W. Smith Jr
5th edition
73375829, 978-0073375823
