Titus, Suciu - In: Ovidius University Annals, Economic Sciences Series XII (2012) 2, pp. 530-535
The paper presents the main financial innovations such as: floating-rate notes, adjustable-rate mortgages, financial derivatives, junk bonds, securitization, collateralized debt obligations (CDO). We consider that the CDO are the main responsible for the present financial crisis and this is the...