Authority (FSA) has identified mortgage amortization requirements as a potential instrument for reducing indebtedness; and has …-style mortgage contracts, which differ substantially from U.S.-style contracts. I then evaluate the policy changes in an incomplete … markets model with three types of debt and a novel mortgage contract specification that is cali- brated to match Swedish micro …

firms and their creditors. Due to this, the capital structure of micro firms is biased towards mortgage loans, as it allows … them to avoid bankruptcy by carrying out debt enforcement via mortgage foreclosures, which are cheaper procedures than … (choice of capital structure, choice between bankruptcy and mortgage) of Spanish firms with those of firms from countries …

government backing of the mortgage market. Nonetheless, the dominance of the crown corporation CMHC in the mortgage insurance … market concentrates a significant amount of risk in public finances. Improving competitive conditions in the mortgage …