This paper empirically and theoretically analyzes the effect of debt reductions that reduce long-term but not short-term obligations. Isolating the effect of future…
W08-4: By looking beyond the financial characteristics of borrowers, this research brings to light the social factors that influence a borrower’s choice of a lender and…
RR07-14: This paper seeks to examine the nature of that resistance, the reasons behind it, and how it can be overcome. In general, people who support multifamily rental…