Holdup by Junior Claimholders: Evidence from the Mortgage Market
收藏NBER2014-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20015
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资源简介：
When borrowers are delinquent, senior debtholders prefer liquidation whereas junior debtholders prefer to maintain their option value by delaying resolution or modifying the loan. In the mortgage market, a conflict of interest (holdup) arises when servicers of securitized senior liens are also the
提供机构：
美国国家经济研究局
创建时间：
2014-03-01
