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Covered farm mortgage bonds in the late nineteenth century US

Snowden, Kenneth A. - 2010

"Covered mortgage bonds have been used successfully in Europe for two centuries, but failed in the U.S. when introduced as farm mortgage debentures in the 1880s. Using firm-level data and a sample of loans made by one Kansas mortgage company, I find that debenture programs grew out of...

Persistent link: https://www.econbiz.de/10003995116