Macroeconomic-Driven Prepayment Risk and the Valuation of Mortgage-Backed Securities
收藏NBER2016-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22096
下载链接
链接失效反馈官方服务：
资源简介：
We introduce a reduced-form modeling framework for mortgage-backed securities in which we solve for the implied prepayment function from the cross section of market prices. From the implied prepayment function, we find that prepayment rates are driven not only by interest rates, but also by two
提供机构：
美国国家经济研究局
创建时间：
2016-03-01
