Two Extensive Margins of Credit and Loan-to-Value Policies
نویسندگان
چکیده
منابع مشابه
Two Extensive Margins of Credit and Loan - to - Value Policies ∗
We analyze a model of mortgage markets, housing tenure choice, heterogeneous agents, and default with closed form solutions. We uncover new insights which may inspire empirical work, and we ground already-established insights in a series of tractable expressions. Then we study optimal LTV regulation, and show that the choice of an LTV cap should balance the opposing forces of access to homeowne...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2014
ISSN: 1556-5068
DOI: 10.2139/ssrn.2544274