Gerardi, Kristopher; Rosen, Harvey S.; Willen, Paul - 2007
-discriminatory legislation. We conclude the
section by reviewing earlier research on innovations in mortgage markets.
2.1 Deregulation and … perhaps
most infamously, Regulation Q, which capped deposit rates and forbade banks from paying
interest on checking …
5
Management Account, in effect allowing non-banks to circumvent Regulation Q (Cocheo 2003).
This innovation, combined …