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The role of lenders in the home price boom
Rosen, Richard J. - 2008
This paper examines the relationship between real estate prices during the home price boom from the late 1990s into 2005 and competition among mortgage lenders. The mortgage lending business, especially with the rise of the originate-to-distribute model, had competitors with very different...
Persistent link: https://www.econbiz.de/10010292183
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Can the greater fool theory explain bubbles? Evidence from China
Zou, Xuan - 2018
empirical studies have tested for this bubble phenomenon. This paper presents previously unused data on the aggregate number of … newly opened brokerage accounts in China and tests the role of new investors in bubble formation. I find that new investors …
Persistent link: https://www.econbiz.de/10012028611
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Asset prices, financial fragility, and central banking
Tymoigne, Éric - 2006
this context, it is shown that the notion of bubble" does not matter for policy purposes, and that the current regulatory …
Persistent link: https://www.econbiz.de/10010276902
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Bubble-driven business cycles
Larin, Benjamin - 2016
the model to the post-war US economy and the numerical solution show that the model is able to depict plausible bubble …
Persistent link: https://www.econbiz.de/10011427758