Hoffmann, Mathias; Nitschka, Thomas (2009). Financial globalisation and securitisation in mortgage markets. Vox:online.
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.
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.
| 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: | 21 Feb 2023 09:26 |
| Publisher: | Centre for Economic Policy Research |
| OA Status: | Closed |
| Free access at: | Official URL. An embargo period may apply. |
| Official URL: | http://www.voxeu.com/index.php?q=node/3675 |
Hoffmann, Mathias