Bertaut, Carol; DeMarco, Laurie Pounder; Kamin, Steve; … - Federal Reserve Board (Board of Governors of the … - 2011
debt, their provision of savings to ultimately risky subprime mortgage borrowers was necessarily indirect, pushing down … European investors into U.S. private-label asset-backed securities (ABS), including mortgage-backed securities and other … securities contributed to the decline in their spreads over Treasury yields. Through a combination of empirical estimation and …