
The Offshore Global Dollar System | ft. Jeff Snider
Money & Macro Talks
What Is a Collateralized Loan?
The repo contract is basically a swap, right? Like I give you a bond and I get cash back. And in return, I promise that I will do the same thing again tomorrow. It can effectively be seen as short-term borrowing as another arm of borrowing. That's what it is. The only reason it's all the restrictions, believe it or not, if you see something, it's very difficult.
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