| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16244 |
| 来源ID | Working Paper 16244 |
| The Anatomy of a Residential Mortgage Crisis: A Look Back to the 1930s | |
| Kenneth A. Snowden | |
| 发表日期 | 2010-07-27 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | Looking back to the 1930s provides the opportunity to examine one severe mortgage crisis as we live through another. This paper examines the development of the residential mortgage market during the 1920s, the institutional disruptions that occurred in the 1930s and the policy response of federal and state governments. The crisis reshaped the structure and development of the residential mortgage market and led to a postwar system in which portfolio lenders dominated both local and interregional markets. Some pre-1930 innovations--mortgage insurance and high-leverage, affordable loans--were written into federal programs and became part of the new system. But early experiments and proposals for securitization did not survive the 1930s and the implementation of this innovation was delayed for forty years. |
| 主题 | Macroeconomics ; Business Cycles ; Financial Economics ; Financial Markets ; Financial Institutions ; History ; Macroeconomic History ; Other History ; Regional and Urban Economics |
| URL | https://www.nber.org/papers/w16244 |
| 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/573919 |
| 推荐引用方式 GB/T 7714 | Kenneth A. Snowden. The Anatomy of a Residential Mortgage Crisis: A Look Back to 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 | ||
| w16244.pdf（234KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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