Brewing bubbles: how mortgage practices intensify housing booms

Even before the Great Recession, housing market bubbles have been associated with severe financial crises around the world. Why do these booms and busts occur? Leonard Nakamura explains that part of the answer may lie with how mortgage lending practices appear to respond to rising and falling house prices in somewhat unexpected ways.

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Year of publication:	2014
Authors:	Nakamura, Leonard I.
Published in:	Business Review. - Federal Reserve Bank of Philadelphia. - 2014, 1, p. 16-24
Publisher:	Federal Reserve Bank of Philadelphia
Subject:	Bubbles \| Housing market \| Mortgages \| Lending practices

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010747502