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Andrew Park is a senior editor at S&P LCD and is one of the foremost experts on collateralized loan obligations and the leverage loan market. Andrew also writes daily on what\\u2019s going on in the collateralized loan obligations (CLO) market and his data is the basis for most of the reporting on this topic in the Wall Street Journal, Financial Times, and by many policymakers. He joins the show today to talk about CLOs and their implications for the financial system and, more generally, the economy. David and Andrew also discuss the leveraged loan market, the differences between CDOs and CLOs, and the Fed\\u2019s most recent rate hikes.

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Transcript for the episode:\\xa0https://www.mercatus.org/bridge/podcasts/04222019/andrew-park-loans-financial-system-and-economy

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Andrew\\u2019s Twitter: @apark_

Andrew\\u2019s Forbes profile & archive: https://www.forbes.com/sites/spleverage/people/andrewparksp/#18bc9eb1102d

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Related Links:

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*Wall Street\\u2019s Billionaire Machine, Where Almost Everyone Gets Rich* by Tom Metcalf, Tom Maloney, Sally Bakewell, and Christopher Cannon

https://www.bloomberg.com/graphics/2018-collateralized-loan-obligations/

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*U.S. Leveraged Loan Market: Plenty of Risk, But Not Systemic* by Beth MacLean

https://www.pimco.com/en-us/insights/viewpoints/us-leveraged-loan-market-plenty-of-risk-but-not-systemic/

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David\\u2019s blog: macromarketmusings.blogspot.com
David\\u2019s Twitter: @DavidBeckworth