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Essay's paper info
Topic: |
Business
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Number of pages / Number of words: |
2 / 440 |
Essay's paper body
In addition, global
speculators borrowed $1.2 trillion worth of Japanese yen, in order to buy higher
yielding currencies, commodities, and stocks held abroad.
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centralized credit default swap market with the Chicago Mercantile Exchange and
Londonâs Intercontinental Exchange. The LEH bankruptcy has revived calls to move
CDS trading onto an exchange trading floor, to remove the system risk posed by a
counterparty failure, provide greater price transparency and offer simpler, more
standardized settlement of contracts when an issuer defaults...
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General points of the essay
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