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Computational Complexity and Information Asymmetry in Financial Products


financial statement

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Securitization of cash flows using financial derivatives transformed the financial industry over the last three decades. Derivatives have attracted criticism, but others say problems with derivatives would disappear with use of more accurate financial models, more vigilance by buyers and better governmental oversight.

 

 

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Comments


John Switlik

Extremely timely, perhaps even seminal.

http://fed-aerated.blogspot.com/2011/05/lemons-problem.html


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