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Why are housing markets so prone to boom-bust cycles? The mortgage market structure prior to the Savings and Loan … subsequent development of a national, market-based system of securitized mortgage finance has damped this boom-bust cycle. We …
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"Subprime Cities: The Political Economy of Mortgage Markets presents a collection of works from social scientists that … offer important insights into what is happening in today's mortgage market including the causes, effects, and aftermath of … the 'subprime' mortgage crisis"-- …
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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 …
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The purpose of this lecture is to look beyond the complex events that characterize the global financial and economic crisis, identify the basic mechanisms, and infer the policies needed to resolve the current crisis, as well as the policies needed to reduce the probability of similar events in...
Persistent link: https://www.econbiz.de/10013160355
The purpose of this lecture is to look beyond the complex events that characterize the global financial and economic crisis, identify the basic mechanisms, and infer the policies needed to resolve the current crisis, as well as the policies needed to reduce the probability of similar events in...
Persistent link: https://www.econbiz.de/10014211583