Journal Article
Can capital markets replace banks for funding community development?
Abstract: Securities markets depend on data. In the absence of data, it is not possible to underwrite risk, and judgments about risk are crucial to securities pricing. This essay discusses the sort of data that would be necessary to make underwriting decisions for community development funding.
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Provider: Federal Reserve Bank of San Francisco
Part of Series: Community Development Innovation Review
Publication Date: 2007
Issue: 2
Pages: 08-15