The purpose of the Center for Financial Innovation and Stability is to improve knowledge of financial innovation and financial stability as well as the connection between the two, especially as it pertains to Federal Reserve policymaking.
The authors present evidence that the effect of mortgage lending on housing prices increased in 2001 in Spain. They suggest this change may be related to securitization of mortgage loans.
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Gerald Dwyer, director of the Center for Financial Innovation and Stability at the Atlanta Fed, discusses short selling in the stock market and its costs and benefits.
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Fostering empirical research in economics and policy forecasting models
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