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This study aims to explain causal relationships between the two dramatic cycles observed in the U.S. during the recent financial crisis - the mortgage credit cycle and the home price cycle. In the viewpoint of mortgage lending, the main demand-side driver for the observed credit concentration...
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"Securitization regulation remains, in the eyes of investors, banks, bureaucrats and politicians, one of the remaining … description of securitization mechanisms. The author details the history of the asset class up to the present day and identifies …Securitization regulation remains, in the eyes of investors, banks, bureaucrats and politicians, one of the remaining …
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