Financial Innovations and the Stability of the Housing Market

Autor:	Glenn Yago, James R. Barth, Franklin Allen
Rok vydání:	2014
Předmět:	Finance Government 050208 finance business.industry 0502 economics and business 05 social sciences Psychological intervention Great Depression Economics Covered bond 050207 economics business General Economics Econometrics and Finance
Zdroj:	National Institute Economic Review. 230:R16-R33
ISSN:	1741-3036 0027-9501
DOI:	10.1177/002795011423000103
Popis:	The recent crisis has underlined the importance of the interaction of financial innovations and the housing market. We consider five major innovations relevant to housing finance. These are (i) mortgages; (ii) specialised housing finance institutions; (iii) government interventions in housing finance in the US during the Great Depression; (iv) covered bonds; and (v) securitised mortgages. The history of these innovations and their positive and negative aspects are discussed. Future innovations to help the stability of the housing market are also suggested.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::393c4b6f8f42690c42dc56283725f29d https://doi.org/10.1177/002795011423000103 Zobrazit plný text záznamu