Collateral Damage: How Refinancing Constraints Exacerbate Regional Recessions
收藏NBER1993-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4531
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资源简介：
In the current structure of the U.S. residential mortgage market, a fall in property values may make it very difficult for homeowners to refinance their mortgages to take advantage of falling interest rates. In this paper, we explain the institutional background for this effect and quantify its
提供机构：
美国国家经济研究局
创建时间：
1993-11-01
