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Complex mortgages became a popular borrowing instrument during the bullish housing market of the early 2000s but vanished rapidly during the subsequent downturn. These non-traditional loans (interest only, negative amortization, and teaser mortgages) enable households to postpone loan repayment...
Persistent link: https://www.econbiz.de/10008746119
We document the emergence of a disconnect between mortgage and Treasury interest rates in the summer of 2003. Following the end of the Federal Reserve expansionary cycle in June 2003, mortgage rates failed to rise according to their historical relationship with Treasury yields, leading to...
Persistent link: https://www.econbiz.de/10011774955
effect of the 1999 repeal of Sections 20 and 32 of the Glass-Steagall Act has not been negative"--Federal Reserve Bank of …
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trades arriving more slowly"--Federal Reserve Bank of Chicago web site …
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deteriorates."--Federal Reserve Bank of Chicago web site …
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acquisitions, as these parties "learn-by-observing" information that spills-over from previous bank M&As. We find evidence … relatively new phenomenon in the late-1980s, with no best practices to inform bank managers and little information upon which … evidence that bank mergers create value. Furthermore, our finding that investors become more accurate pricers of new phenomena …
Persistent link: https://www.econbiz.de/10002380752
Bank of Chicago web site …
Persistent link: https://www.econbiz.de/10003101068
-based component of bank CEO compensation contracts. We also examine the relationships between equity- based compensation and risk …, the equity- based component of bank CEO compensation increases significantly on average for the industry. Additionally, we … these relationships become more powerful in our post- deregulation period"--Federal Reserve Bank of Chicago web site …
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