Kishimoto, Naoki; Kim, Yong-Jin - In: Japan and the World Economy 30 (2014) C, pp. 1-9
We investigate full prepayments of Japanese residential mortgages during a ten-year period from 1996 to 2005. This investigation is important because the amount of mortgages outstanding in Japan is huge, yet the study on their prepayments is very limited. This period from 1996 to 2005 was...