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during the crisis. Representatives from districts experiencing an increase in mortgage default rates are significantly more … likely to vote in favor of the AHRFPA. They are precise in responding only to mortgage related constituent defaults, and are …
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devaluation and the economic response policies on subsequent indexation of the mortgage rates on prepayment and default patterns … borrowers who are relatively wealthy or have a US$-denominated mortgage. On the other hand, we observe a significantly higher … default rate of borrowers who are less wealthy or have Peso-denominated mortgage …
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I discuss briefly the crisis itself and then give some criteria that should be used in evaluating any policy proposed o deal with it. This is followed by a critical discussion of some of the policy measures that have been suggested. Finally, I give a list of proposals, that I believe best...
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