Describe a credit default swap


Assignment:

Find a link that describes a "Credit Default Swap" and briefly summarize your understanding of it.

Find a link that describes a "Collateral Debt Obligation" and briefly summarize your understanding of it.

Find a link that describes the results of the Great Recession and briefly summarize your understanding of it.

Develop a summary paragraph which includes credit default swaps, collateralized debt obligations, and consequences of the Great Recession. Include some policy tools that were used to try and deal with these circumstances.

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Microeconomics: Describe a credit default swap
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