Questions and Answers about the Financial Crisis
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All bond prices plummeted (spreads rose) during the financial crisis, not just the prices of subprime- related bonds. These price declines were due to a banking panic in which institutional investors and firms refused to renew sale and repurchase agreements (repo) - short-term, collateralized,
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美国国家经济研究局创建时间：
2010-02-01
