Stefan Frederic Thönissen
Die Versicherung von Bonitätsrisiken
[Insuring Credit Risks.]
2018. 462 pages. unrevised e-book edition 2021; Original edition 2018. Price for libraries
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Protection against credit risks is of central importance to modern economies. But while such insurance protects creditors from debtors' insolvency, it also allows borrowers with poor ratings to extend their credit - which ultimately led to 2008's financial crisis.