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Persistent link: https://www.econbiz.de/10003818200
This paper seeks to contribute to the U.S. housing finance reform conversation by providing a critical assessment of the various types of policy proposals that have been offered. There appears to be a broad consensus to maintain explicit government guarantees for certain narrowly defined...
Persistent link: https://www.econbiz.de/10009581785
Persistent link: https://www.econbiz.de/10002575024
Financial intermediation has changed dramatically over the past 30 years, due in large part to technological change. The paper first describes the role of the financial system in a modern economy and how technological change and financial innovation can affect social welfare. We then survey the...
Persistent link: https://www.econbiz.de/10011913654
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