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Technical Perspective: Complex Financial Products: Caveat Emptor

By David C. Parkes

Communications of the ACM, Vol. 54 No. 5, Page 100
10.1145/1941487.1941510



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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