almost exclusively on company and not mortgage finance. We identify four different "ideal types" of housing finance systems …-dependent conclusion, noting that the more countries developed bond-based mortgage banks in the nineteenth century, the more they tended … towards multi-story building structure, low homeownership rates and lower securitization levels in the twentieth century. A …

relate it to cross-country differences in mortgage market maturity. We find that aside from Italy, homeownership rates and … transfers, substitute the limited mortgage availability and explains the second highest homeownership rate in our sample … highest and most equally distributed homeownership in this country as well. The mortgage market in Germany is on the other …

relate it to cross-country differences in mortgage market maturity. We find that aside from Italy, homeownership rates and … transfers, substitute the limited mortgage availability and explains the second highest homeownership rate in our sample … highest and most equally distributed homeownership in this country as well. The mortgage market in Germany is on the other …