Since the 1960s, Americans have looked to the stock market for investments. Residential real estate was just a place to live. No more. Much like gold in the 1970s, the purchase of residential real estate now appears to be treated by Americans like the investment of choice in times of economic...

Despite the theoretical underpinnings for the use of equity and earnings in economic analysis, certain financial ratios are not suited for econometric models. In particular, when reported shareholder's equity and/or earnings are less than zero, an inverse relationship can exist between financial...

There's something about quot;Affordabilityquot; that makes it very popular: Presidents past and present set goals around it. The popularity of this perennial policy goal is based on the feel-good idea that everyone would live in a home that they own if only they could afford it. Owning your own...

Beyond Junk Bonds provides a one-stop data, reference, and case study presentation of the firms and securities represented in the high yield market. It explicates the linkages between this and other asset classes applicable to the capital structure management of firms in this sector. It also...

In this study (an update and revision to our 2007 working paper), we estimate the total value of trade settlement failures in the US bond markets. Analyzing data from multiple sources, we show that the value of settlement failures is rising. Regulatory and market efforts to reduce the problem...

"The Savings and Loan Crisis: Lessons from a Regulatory Failure" sets the record straight about what actually happened to our banking institutions in the 1980s. As is documented by the highly respected and diverse group of former regulators, scholars and practitioners contributing to this book,...

This study estimates the total value of trade settlement failures in the US bond markets. Analyzing data from multiple sources, it shows that the value of settlement failures is rising. Regulatory and market efforts to reduce the problem have been largely unsuccessful. In April 2008, fails to...