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Why are financial "institutions special" -- Financial services : depository institutions -- Financial services : finance companies -- Financial services : securities brokerage and investment banking -- Financial services : mutual funds and hedge funds -- Financial services : insurance -- Risks...
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We analyze the determinants of real estate and credit bubbles using a unique borrower-lender matched dataset on … contract) and the lender identity, over the last credit boom and bust. We find that lending standards are softer in the boom …
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