See ‘Trade-in Treadmill” Expands Borrowing from the bank Exposure getting Vehicle Financing Market, Moody’s Individual Serv
See ‘Trade-in Treadmill” Expands Borrowing from the bank Exposure getting Vehicle Financing Market, Moody’s Individual Serv . Find William Adams, Liran Einav & Jonathan Levin, Exchangeability Limitations and you can Imperfect Pointers inside the Subprime Lending, Nat’l Agency from Econ. Look, Doing work Papers Zero. 13067, 2007, [ (“Repayment is extremely uncertain: more than half