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We analyze link between mortgage-related regulatory penalties levied on banks and the level of systemic risk in the U …
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Senior Scholar James K. Galbraith argues the fundamental illusion of viewing the US economy through the free-market prism of deregulation, privatization, and a benevolent government operating mainly through monetary stabilization - the prevailing view among economists over the past three...
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asset price rises due to sub-prime mortgage credit securitisations (the originate-and-distribute model) as well as … risk premia and reduced access to credit. -- sub-prime ; turmoil ; turbulence ; mortgage credit …
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