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Mortgage refinancing activity associated with extraction of home equity contains a strongly counter-cyclical component … empirically evaluate its predictions for the households' choices of leverage, liquid assets, and mortgage refinancing using micro …
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leverage, precautionary saving in liquid assets and illiquid home equity, debt repayment, mortgage refinancing, and default …
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leverage, precautionary saving in liquid assets and illiquid home equity, debt repayment, mortgage refinancing, and default …
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