Robert Shiller of Yale University has suggested a variation on ARMs in which mort-gage interest rates are

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Robert Shiller of Yale University has suggested a variation on ARMs in which mort-gage interest rates are tied to inflation, not to short-term interest rates. Discuss the pros and cons of this idea for banks and for borrowers.

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Money Banking and Financial Markets

ISBN: 978-1429244091

2nd edition

Authors: Laurence M. Ball

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Question Posted: Dec 05, 2015 03:43 AM

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Robert Shiller of Yale University has suggested a variation on ARMs in which mort-gage interest rates are

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Recall from Chapter 4 that the nominal interest rate i equals the r...View the full answer

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