Publication
23 Sep 2008
This note shows that there is a simple way to look at the value of mortgages in the US, which might greatly help in establishing a fair price for these securities. Preliminary calculations suggest that the value of securities based on lower quality mortgages might indeed be very low.
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English (PDF, 4 pages, 129 KB) |
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Author | Daniel Gros |
Series | CEPS Commentaries |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2008 Centre for European Policy Studies (CEPS) |