A Depressing Scenario: Mortgage Debt Becomes Unemployment Insurance
收藏NBER2008-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14514
下载链接
链接失效反馈官方服务：
资源简介：
When asset values fall, the owners of collateralized loans are not in an enviable position. Nonetheless, they possess a kind of monopoly power over their borrowers that they do not possess when borrowers are solvent. Lenders maximize profits by price discriminating, but create deadweight costs in
提供机构：
美国国家经济研究局
创建时间：
2008-11-01
