Credit Risk Management In and Out of the Financial Crisis Reading skills A tangled web of ambition
$142.16
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Credit Risk Management In and Out of the Financial Crisis Reading skills A tangled web of ambitionThe years preceding the 20072008 financial crisis were characterized by a dramatic increase in systemic risk to the financial system, caused in large part by a shift away from the traditional banking model. Rather than holding loans to maturity, banks moved to an underwriting model in which they originated loans and then quickly sold them, shifting risk to other parties in the financial system. The result was a deterioration in credit quality at the
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