AI helps you reading Science
AI generates interpretation videos
AI extracts and analyses the key points of the paper to generate videos automatically
AI parses the academic lineage of this thesis
Did Structured Credit Fuel the LBO Boom?
Journal of Finance, pp.1291-1328, (2011)
We demonstrate a link between the twin storms underlying the current financial crisis - the market for collateralized debt obligations (CDOs) and the market for leveraged loans. We show that structural changes in credit markets that led to the explosion in CDOs created an increased supply of bank loans for funding LBOs. This structured le...More
PPT (Upload PPT)