| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w15824 |
| 来源ID | Working Paper 15824 |
| The Influence of the Home Owners' Loan Corporation on Housing Markets During the 1930s | |
| Price V. Fishback; Alfonso Flores-Lagunes; William Horrace; Shawn E. Kantor; Jaret Treber | |
| 发表日期 | 2010-03-18 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | Problems with mortgage financing are widely considered to be a major cause of the recent financial meltdown. Several modern programs have been designed to mimic the Home Owners' Loan Corporation of the 1930s. The HOLC replaced the toxic assets on the balance sheets of financial institutions by buying troubled mortgages and then refinanced the mortgages to allow home owners to avoid losing their homes. We analyze the impact of the HOLC on the nonfarm rental and owned home markets after developing a new data set for over 2800 counties in the United States. In counties with fewer than 50,000 people, where financial markets were not as well developed as in larger cities, the HOLC's financial interventions helped stimulate the demand for owned housing more than it influenced the supply. In rental markets the HOLC appears to have contributed to an increase in the supply of rental housing that was likely associated the improvement of the balance sheets of lending institutions. |
| 主题 | Financial Economics ; Financial Institutions ; History ; Macroeconomic History ; Other History ; Regional and Urban Economics ; Real Estate |
| URL | https://www.nber.org/papers/w15824 |
| 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/573498 |
| 推荐引用方式 GB/T 7714 | Price V. Fishback,Alfonso Flores-Lagunes,William Horrace,et al. The Influence of the Home Owners' Loan Corporation on Housing Markets During the 1930s. 2010. |
| 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 | ||
| w15824.pdf（297KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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