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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Guest Post: Economic consequences of speculative side bets &#x2013; The case of naked CDS | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="wBdCWGU4xq"&gt;&lt;a href="https://www.nakedcapitalism.com/2010/09/guest-post-economic-consequences-of-speculative-side-bets-%e2%80%93-the-case-of-naked-cds.html"&gt;Guest Post: Economic consequences of speculative side bets &#x2013; The case of naked CDS&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2010/09/guest-post-economic-consequences-of-speculative-side-bets-%e2%80%93-the-case-of-naked-cds.html/embed#?secret=wBdCWGU4xq" width="600" height="338" title="&#x201C;Guest Post: Economic consequences of speculative side bets &#x2013; The case of naked CDS&#x201D; &#x2014; naked capitalism" data-secret="wBdCWGU4xq" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>By Yeon-Koo Che, Professor of Economic Theory at Columbia University, and Rajiv Sethi, Professor of Economics, Barnard College, Columbia University, cross posted from VoxEU The role of naked credit default swaps in the global crisis is an ongoing source of controversy. This column seeks to add some formal analysis to the debate. Its model finds [&hellip;]</description></oembed>

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