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The Housing Boom and Bust in Spain: Impact of the Securitisation Model and Dynamic Provisioning

Viernes, 19 septiembre 2008

The Housing Boom and Bust in Spain: Impact of the Securitisation Model and Dynamic Provisioning

In this paper we explore some lessons from the Spanish housing boom and the incipient bust from the point of view of the usefulness of the regulatory approach, with particular regard to dynamic provisions and the regulatory treatment of securitisation.

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