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國際金融面面觀-美國次級房貸 Benchmark
The document discusses the subprime mortgage crisis and its effects. It notes that risky subprime lending grew greatly from 2000 to 2006, fueling the rise of securities backed by such loans. These included collateralized debt obligations (CDOs) that redistributed mortgage risk across the global financial system. The crisis emerged in 2007 when rising defaults caused losses among lenders and the seizure of credit markets.
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