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Results and analysis of a poll of major remittance senders and charts of the origin of remittances by state in the continental United States.
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From 2000-2006 U.S. house prices and mortgage credit grew while the relative cost of mortgage credit fell - particularly for privately securitized mortgages - suggesting a credit supply expansion. This paper explores two (credit supply) shocks: an increased inow of global savings into the United...
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