Adverse Selection, Reputation and Sudden Collapses in Secondary Loan Markets
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Banks and financial intermediaries that originate loans often sell some of these loans or securitize them in secondary loan markets and hold on to others. New issuances in such secondary markets collapse abruptly on occasion, typically when collateral values used to secure the underlying loans fall.
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美国国家经济研究局创建时间：
2010-06-01
