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…
W13-2: Investing in single-family homes is not a new business. However, the magnitude of homes flowing through foreclosure and into investor ownership since 2007 in many…
UCC08-16: UK credit regulation has been undergoing substantial reform in the past three years. This paper reviews these reforms and discusses how they take account of…