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Crashed: How a Decade of Financial Crises Changed the World, by Adam Tooze

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Emerging market investors bought first Treasurys and then GSE-issued agency debt. This left other institutional investors looking for alternatives. What filled the gap was financial engineering.
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Crashed: How a Decade of Financial Crises Changed the World
Crashed: How a Decade of Financial Crises Changed the World
by Adam Tooze
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