The inefficiency of refinancing : why prepayment penalties are good for risky borrowers
Year of publication: |
2013
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Authors: | Mayer, Chris ; Piskorski, Tomasz ; Tchistyi, Alexei |
Published in: |
Journal of financial economics. - Amsterdam [u.a.] : Elsevier, ISSN 0304-405X, ZDB-ID 187118-3. - Vol. 107.2013, 3, p. 694-714
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Subject: | Inefficiency of refinancing | Prepayment borrowers | Mortgages | Hypothek | Mortgage | Theorie | Theory | Immobilienfinanzierung | Real estate finance | Kreditrisiko | Credit risk | Wohlfahrtsanalyse | Welfare analysis | Refinanzierung | Refinancing | Kosten | Costs |
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The inefficiency of refinancing : why prepayment penalties are good for risky borrowers
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The Inefficiency of Refinancing : Why Prepayment Penalties are Good for Risky Borrowers
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