Optimal Mortgage Design

Alexei Tchistyi and Tomasz Piskorski
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Alexei Tchistyi: Stern NYU
Tomasz Piskorski: Stern NYU

No 537, 2007 Meeting Papers from Society for Economic Dynamics

Abstract: the market interest rate is low. Thus, our analysis provides theoretical evidence that these alternative mortgages, which have recently generated great controversy, can benefit both lenders and borrowers.

Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed007:537

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