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Unconventional monetary policy and risk-taking : evidence from agency mortgage REITs

Frame, W. Scott; Steiner, Eva - 2018

We study how the Federal Reserve's quantitative easing (QE) influenced the behavior of Agency mortgage real estate investment trusts (REITs) - a set of institutions identified by the Financial Stability Oversight Council as posing systemic risk. We document that Agency mortgage REITs: [i] equity...

Persistent link: https://www.econbiz.de/10011895590

Housing and housing finance : a review of the links to economic development and poverty reduction

Doling, John; Vandenberg, Paul; Tolentino, Jade - 2013

, constituting the most valuable asset owned by most households and often requiring housing finance (mortgages) to allow for purchase …The paper provides a review of the literature that links housing, housing finance, and economic development. The …. These links - between housing and the economy and between housing and housing finance - are explored in this review paper …

Persistent link: https://www.econbiz.de/10009781135

Government loan guarantees, market liquidity, and lending standards

Ahnert, Toni; Kuncl, Martin - 2022

We study third-party loan guarantees in a model in which lenders can screen, learn loan quality over time and can sell loans before maturity when in need of liquidity. Loan guarantees improve market liquidity and reduce lending standards, with a positive overall welfare effect. Guarantees...