The K@W Network:
William H. Lawrence Professor, Professor of Finance
Collateralized loan obligations (CLOs) are increasingly viewed as a major threat to the U.S. financial system. However, “the recent hysteria around CLOs is misplaced,” write Wharton’s Michael R. Roberts and[…]
A new paper co-authored by Wharton’s Michael R. Roberts shows how government borrowing makes it more expensive for corporations to borrow and invest.