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Home appraisals are produced for millions of residential mortgage transactions each year, but appraised values are rarely below the purchase contract price: Some 30% of appraisals in our sample are exactly at the home price (with less than 10% of them below it). We lay out a basic theoretical...
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equity capital at financial institutions, and, finally, systemic effects of prudential regulation created a detrimental … interdependence and transparency. -- Mortgage Securitization ; Subprime-Mortgage Financial Crisis ; Systemic Risk ; Banking Regulation …
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U.S. financial regulation has traditionally made functional and institutional regulation roughly equivalent. However … analysis of this history suggests that a return to regulation by function or product would strengthen regulation. The FMA also … reregulation ; Glass-Steagall ; Financial Modernization Act ; German universal bank regulation ; prudential regulation …
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