Foreclosures and mortgage lending during the Great Depression
收藏ICPSR2020-01-01 更新2026-04-16 收录
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https://www.openicpsr.org/openicpsr/project/119723
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资源简介：
These are the replication files for the paper "Collateral Damage: The Impact of Foreclosures on New Home Mortgage Lending in the 1930s" to be published in the September 2020 issue of the Journal of Economic History.<br><br>Abstract of the paper: The Great Depression of the 1930s involved a severe disruption in the supply of home mortgage credit. This paper empirically identifies a mechanism lying behind this credit crunch: the impairment of lenders’ balance sheets by illiquid foreclosed real estate. With data on hundreds of building and loans (B&Ls), the leading mortgage lenders in this period, we find that the overhang of foreclosed real estate explains about 30 percent of the drop in new lending between 1930 and 1935<br>
提供机构：
University of Arizona; Federal Reserve Bank of Chicago; University of Leuven; University of North Carolina Greensboro
创建时间：
2020-01-01
