Hudgins, Sylvia C; Morgan, George Emir - In: Journal of Money, Credit and Banking 25 (1993) 4, pp. 828-53
This paper provides the first traditional microeconomic analysis of the effects of a deregulated environment as evidenced by federal mutual thrifts' shifts in portfolio composition. Empirical results for the early 1980s indicate that prior experience relating to nonhousing assets plays a...