lukestein’s avatarlukestein’s Twitter Archive—№ 2,266

    1. …in reply to @arpitrage
      @arpitrage The idea that maybe there should have been more securitization has a hook to an interesting paper presented in our seminar yesterday by Guillermo Ordonez wpcarey.asu.edu/sites/default/files/guillermo_ordonez_seminar_paper_april_12_2019retire.pdf #crashed_bookclub
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  1. …in reply to @lukestein
    @arpitrage The basic idea was that shadow banking (=securitization, in his model) creates “riskier” intermediators, but ones that are better able to provide insurance.
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