Robert Meister’s book „Justice is an Option“ (4) – A Revaluation of the Financial Markets
The value of a risky loan is the value of a risk-free loan minus the value of the guarantee, which is the option that can be priced out, either as insurance or interest. The liquidity of private credit markets implies […]
Robert Meister’s book „Justice is an Option“ (4) – A Revaluation of the Financial Markets