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~person:"Krainer, John"
~person:"Schmidt, Ronald"
~subject:"Default (Finance)"
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Mortgage default and mortgage valuation
Krainer, John
;
LeRoy, Stephen F.
;
O, Munpyung
-
Federal Reserve Bank of San Francisco
-
2009
/or lenders incur deadweight costs upon default. The model is calibrated using data on
California
mortgages. We find that the …
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