Financing Lebanese Public Debt with Remittance-backed Securities
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Risky investment or great opportunity? Securitization is seen by many as one of the reasons of the Global Financial Crisis. However, if properly structured it may be used as a tool by heavily indebted countries in order to finance their public debt. This book sees public debt, securitization and remittances as parts a jigsaw puzzle. Once all of its parts are assembled properly, they may provide a great opportunity.
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