Clogged intermediation: Were home buyers crowded out?

Clogged intermediation: Were home buyers crowded out?

Post-crisis policy interventions significantly increased the demand for mortgage refinancing, but could this surge in refinancing applications have crowded out the supply of credit to home buyers? In this paper, we examine two frictions that hamper financial intermediation and result in banks'...

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Bibliographic Details
Main Authors: CHOI, Hyunsoo, CHOI, Hyun-Soo, KIM, Jung-Eun
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2017
Subjects:
Credit rationing
mortgage lending
post-crisis slump
monetary transmission
distributional effects
Finance
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/5383
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6382/viewcontent/LoanSubstitution.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/5383
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6382/viewcontent/LoanSubstitution.pdf

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