Forbearance by Contract: How Building and Loans Mitigated the Mortgage Crisis of the 1930s
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https://www.nber.org/papers/w21786
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资源简介：
During the Great Depression, Building and Loans (B&Ls), the leading home lenders, had a structure that mitigated the crisis. Borrowers were owners of the B&L and dissolution of the institution required a two-thirds majority vote. Using panel data from New Jersey in the 1930s, we find that this
提供机构：
美国国家经济研究局
创建时间：
2015-12-01
