From a broad macro-financial structure perspective, overly easy credit conditions gave rise to house price booms and busts in several advanced economies (e.g., Ireland, Spain, and the U.S.), and, more specifically in the U.S., an underpricing of risk made possible by regulatory arbitrage and...

Urban governance and development of informality in China and India / Arthur Acolin, Shahana Chattaraj, and Susan M. Wachter -- Comparative evidence on urban land-use regulation bureaucracy in developing countries / Paavo Monkkonen and Lucas Ronconi -- Urban land titling : lessons from a natural...

Introduction: In praise of homeownership -- Housing finance before the New Deal -- The New Deal mortgage -- The rise of securitization -- The boom and the bubble -- The bubble bursts -- Timing the bubble -- Demand or supply? -- Theories of the bubble -- The securitization daisy chain --...