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We provide empirical evidence to support the calibration of a limit on household indebtedness...

Housing cycles and their impact on the financial system and the macroeconomy have become the...

This paper incorporates house price risk and mortgages into a standard incomplete market (SIM)...

The discussion in this note seeks to preserve the beneficial features of securitization while...

Growth in much of Latin America remains solid, although it slowed during the second half of 2011...

Policy-makers have attributed the scale of the credit crisis and its profound impact on money...