The Consequences of Mortgage Credit Expansion: Evidence from the 2007 Mortgage Default Crisis
收藏NBER2008-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w13936
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资源简介：
We demonstrate that a rapid expansion in the supply of mortgages driven by disintermediation explains a large fraction of recent U.S. house price appreciation and subsequent mortgage defaults. We identify the effect of shifts in the supply of mortgage credit by exploiting within-county variation
提供机构：
美国国家经济研究局
创建时间：
2008-04-01
