Lending to Lemons: Landschafts-Credit in 18th Century Prussia
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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
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美国国家经济研究局创建时间：
2013-06-01
