Are the government-sponsored enterprises (GSEs) justified?

Zhiyong An and Congyan Tan

Housing Policy Debate, 2011, vol. 22, issue 2, 133-139

Abstract: Recent studies provide evidence that the government-sponsored enterprises (GSEs) might not be justified under a rigorous and innovative framework of cost-benefit analysis. The policy implication is that the GSEs might have finished their historical mission of building the secondary mortgage market, but now with a mature secondary mortgage market, they might not be beneficial any more -- maybe it is the time for them to exit.

Date: 2011
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DOI: 10.1080/10511482.2011.648209

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