CDOs are examples of financial derivatives, with a value that depends on the underlying assets with which they are linked. These kinds of complex financial products are the cause célèbre of the financial crisis, and many have called for their regulation or even elimination.
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Home → Magazine Archive → May 2011 (Vol. 54, No. 5) → Technical Perspective: Complex Financial Products:... → Abstract
Technical Perspective: Complex Financial Products: Caveat Emptor
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