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Through the chain of causes and effects, the outcome was that banks stopped trusting one another and were no longer keen on lending money to other banks. On the other hand, none of them were sure if the other bank would lend the money when it was needed. Many have been asking for years if the introduction of innovations in the financial system will make any better. Especially the securitisation seems to be very controversial. Is the conversion of any debt into a tradable asset a way to spread risk? Or maybe it makes the economy vulnerable for any turmoil? Unfortunately, it will be the investors to find out empirically...
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