Investor Presentaiton

Some Policy Implications: Correction of Misperception (2) Educate investors about risks by allowing for some defaults WMPs backed by more risky projects should be labelled as having higher default risks. Supportive actions Promote third party institutions (rating agencies, market analysts) Securitization to create information sensitive assets Some wealthy investors should be willing to bear tail risks for higher returns → In our opinion this is more desirable

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