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Focusing on the Pfandbrief's structure, this book explores its role as a leading model for covered bonds in Europe and beyond. It highlights the instrument's collateralization by long-term assets, including property mortgages and public sector loans, as mandated by the Pfandbrief Act. The discussion emphasizes its triple-A ratings and the implications for financial stability and investment strategies in the banking sector.
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German Covered Bonds, Manuela Spangler, Ralf Werner
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- Année de publication
- 2014
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