£45.00
Add to basket| Price in Euros | €55.98 |
| Price in USD | $71.03 |
| Select your currency | |
| Calculated price | |
FREE UK Postage for online orders over £60
Terms and conditions applyEconomics of the Mortgage Market: Perspectives on household decision making
David Leece
Product details
Format: Book
Pages: 272
Publisher: Blackwell Publishing
Date Published: Apr 2004
Stock Code: 37623
Binding: Paperback
Extras
Rating
Average Rating: Be the first to rate this product!
Your Rating:
Total rating: 0 out of 5
Total votes: 0
Total votes: 0
Description
The analysis of the mortgage market is a specialised field but examines a financial market with extremely wide-ranging implications; it affects the stability of the whole economy.
The key thing about this analysis is the increasing importance of the secondary mortgage market which in the US is now several times larger than the market for government debt. The UK secondary mortgage market is also growing and the book will provide a timely resource to those active and interested in this important financial market.
The 1990s saw an enormous growth of mortgage market analysis as an academic subject and there is a vast literature scattered among the key real estate journals. There is now a great need to not only bring this very complex subject area together, but also to abstract the main issues and to render them intelligible. The book will provide an organised research resource and also inform and motivate further research into the microeconomics of mortgage markets.
Contents include:
1 An Introduction to Mortgage Market Economics
2 The Demand for Mortgage Finance: Theory
3 The Demand for Mortgage Finance: Empirical Evidence
4 The Tilt, Mortgage Designs and the Amortisation of Debt
5 Rationing, Mortgage Market Adjustment and Separating Equilibrium
6 Credit Rationing, Mortgage Market Adjustment and Separating Equilibrium: Empirical Evidence
7 The Households Choice of Mortgage Design: Theory
8 The Households Choice of Mortgage design: Empirical Evidence
9 The Risky Mortgage Contract and Embedded Options: Mortgage Valuation and Household Behaviour
10 Prepayment and Default Behavior: Empirical Evidence
11 Conclusion: The Field of Mortgage Market Economics
The key thing about this analysis is the increasing importance of the secondary mortgage market which in the US is now several times larger than the market for government debt. The UK secondary mortgage market is also growing and the book will provide a timely resource to those active and interested in this important financial market.
The 1990s saw an enormous growth of mortgage market analysis as an academic subject and there is a vast literature scattered among the key real estate journals. There is now a great need to not only bring this very complex subject area together, but also to abstract the main issues and to render them intelligible. The book will provide an organised research resource and also inform and motivate further research into the microeconomics of mortgage markets.
Contents include:
1 An Introduction to Mortgage Market Economics
2 The Demand for Mortgage Finance: Theory
3 The Demand for Mortgage Finance: Empirical Evidence
4 The Tilt, Mortgage Designs and the Amortisation of Debt
5 Rationing, Mortgage Market Adjustment and Separating Equilibrium
6 Credit Rationing, Mortgage Market Adjustment and Separating Equilibrium: Empirical Evidence
7 The Households Choice of Mortgage Design: Theory
8 The Households Choice of Mortgage design: Empirical Evidence
9 The Risky Mortgage Contract and Embedded Options: Mortgage Valuation and Household Behaviour
10 Prepayment and Default Behavior: Empirical Evidence
11 Conclusion: The Field of Mortgage Market Economics
Related Items
Economics and Land Use Planning
This book's aim is to draw together the economics literature relating to planning and set it out systematically. It analyses the economics of land...
£44.99
Add to basketPost a Review
You need to be logged in to post a review
