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Looking forward to discussing a fascinating paper at 11:30 EDT at today's MFA conference. Daniel Carvalho, Janet Gao, and Pengfei Ma show that corporate loans get lower rates when the loan officer's local real estate market has been doing well. ssrn.com/abstract=3404368
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(This is a very good, very thorough paper. It’s both easy and tough to discuss a paper that’s R&R at @JofFinance)