Lending to Lemons: Landschafts-Credit in 18th Century Prussia
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https://www.nber.org/papers/w19159
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资源简介：
The following paper describes the emergence of cooperative mortgage credit associations, called "Landschaften" in 18th century Prussia, and thereby tells the history of mortgage-covered bonds. Landschaften facilitated the refinancing of loans for Prussian estates by issuing covered bonds
提供机构：
美国国家经济研究局
创建时间：
2013-06-01
