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| John Y. Campbell | Benjamin Ranish
How Do Regulators Influence Mortgage Risk? Evidence from an Emerging Market. John Y. Campbell, Benjamin Ranish, September 9, 2012, Paper. "To understand the effects of regulation on mortgage risk, it is instructive to track the history of regulatory changes in a country rather than to rely entirely on cross-country evidence that can be contaminated by unobserved heterogeneity. However, in developed countries with fairly stable systems of…