Schularick, Moritz; Wachtel, Paul - In: CESifo economic studies : CESifo, a joint initiative of … 60 (2014) 1, pp. 62-88
separate trends: a sharp fall in the asset acquisition of American households in the 1990s, and an explosion of mortgage …. The mortgage boom was financed by the US financial sector, which intermediated foreign funds from ‘private’ sources. …