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Financial globalisation and securitisation in mortgage markets


Hoffmann, Mathias; Nitschka, Thomas (2009). Financial globalisation and securitisation in mortgage markets. Vox:online.

Abstract

Mortgage-backed securities have played a major role in the financial crisis and aren’t very popular as a result. This column documents macroeconomic benefits of these instruments, showing that economies with more developed markets for securitised mortgage debt share more consumption risk with other economies.

Abstract

Mortgage-backed securities have played a major role in the financial crisis and aren’t very popular as a result. This column documents macroeconomic benefits of these instruments, showing that economies with more developed markets for securitised mortgage debt share more consumption risk with other economies.

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Language:English
Date:20 June 2009
Deposited On:22 Feb 2010 12:22
Last Modified:07 Dec 2017 01:24
Publisher:Centre for Economic Policy Research
Free access at:Official URL. An embargo period may apply.
Official URL:http://www.voxeu.com/index.php?q=node/3675

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