Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - Charles A. Dice Center for Research in Financial … - 2012
The main rationale for policy intervention in debt renegotiation is to enhance such activity when foreclosures are perceived to be inefficiently high. We examine the ability of the government to influence debt renegotiation by empirically evaluating the effects of the 2009 Home Affordable...