Minority mortgage market experiences leading up to and during the financial crisis

Stephen L. Ross 22 August 2014

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The foreclosure crisis and the growth of subprime lending that preceded the crisis have disproportionately affected low income and minority neighbourhoods (Geradi and Willen 2009, Fisher et al. 2010, Mayer and Pence 2007, Edminston 2009) and have had significant negative consequences for minority homeownership (Geradi and Willen 2009).

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Topics:  Global crisis Poverty and income inequality

Tags:  subprime crisis, mortgage crisis, creditor discrimination, minority lending

Sovereign debt markets in turbulent times: A view of the European crisis

Fernando A Broner, Aitor Erce, Alberto Martin, Jaume Ventura 23 July 2014

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Between the start of the financial crisis in 2007 and late 2009, the Eurozone’s periphery countries saw a substantial reduction in economic growth and an increase in deficits. But their economic performance was, if anything, stronger than that in the core countries. The recessions in the periphery were no deeper than in the core, and financial markets absorbed their increasing public debt as they had done in the past, with non-resident creditors absorbing large portions of the increase.

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Topics:  Europe's nations and regions Global crisis Monetary policy

Tags:  public debt, Eurozone crisis, Eurozone sovereign debt, creditor discrimination