| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w5078 |
| 来源ID | Working Paper 5078 |
| Mortgage Default Risk and Real Estate Prices: The Use of Index-Based Futures and Options in Real Estate | |
| Karl E. Case; Robert J. Shiller; Allan N. Weiss | |
| 发表日期 | 1995-04-01 |
| 出版年 | 1995 |
| 语种 | 英语 |
| 摘要 | Evidence is shown, using US foreclosure data by state 1975-93, that periods of high default rates on home mortgages strongly tend to follow real estate price declines or interruptions in real estate price increase. The relation between price decline and foreclosure rates is modelled using a distributed lag. Using this model, holders of residential mortgage portfolios could hedge some of the risk of default by taking positions in futures or options markets for residential real estate prices, were such markets to be established. |
| 主题 | Financial Economics ; Financial Institutions |
| URL | https://www.nber.org/papers/w5078 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/562513 |
| 推荐引用方式 GB/T 7714 | Karl E. Case,Robert J. Shiller,Allan N. Weiss. Mortgage Default Risk and Real Estate Prices: The Use of Index-Based Futures and Options in Real Estate. 1995. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w5078.pdf（261KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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