Explain what the effects to the FINANCIAL MARKET happen more and more people keep increasing default on asset-backed securities such as Student loans, Credit cards, Mortgage loans, and Auto loans. Explain SIX (6) point detail clearly with the real-life incidents appropriate illustration, how default on such security will affect or impacts the FINANCIAL MARKET. Note kindly well explanation with the appropriate illustration

MACROECONOMICS
14th Edition
ISBN:9781337794985
Author:Baumol
Publisher:Baumol
Chapter13: Monetary Policy: Conventional And Unconventional
Section: Chapter Questions
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Explain what the effects to the FINANCIAL MARKET happen more and more people keep increasing default on asset-backed securities such as Student loans, Credit cards, Mortgage loans, and Auto loans. Explain SIX (6) point detail clearly with the real-life incidents appropriate illustration, how default on such security will affect or impacts the FINANCIAL MARKET. Note kindly well explanation with the appropriate illustration. The explanation is logic with strong argue appropriate supporting theory. Try to relate to the real-life incidents.
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