A Fistful of Dollars : Lobbying and the Financial Crisis /

Using detailed information on lobbying and mortgage lending activities, we find that lenders lobbying more on issues related to mortgage lending (i) had higher loan-to-income ratios, (ii) securitized more intensively, and (iii) had faster growing portfolios. Ex-post, delinquency rates are higher in...

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Bibliographic Details
Main Author: Igan, Deniz
Other Authors: Mishra, Prachi, Tressel, Thierry
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Working Papers; Working Paper ; No. 2009/287
Online Access:Full text available on IMF