Cooperative home financing

M. Shahid Ebrahim ()

No 13, Computing in Economics and Finance 2006 from Society for Computational Economics

Abstract: This paper integrates the literature of Mortgage Design with that of Rotating Savings and Credit Associations (ROSCAs) to present a novel way of mortgage financing (with a zero interest rate) using cooperatives. This mode of financing dissipates credit (default) risk better than the normal mode of financing (via traditional intermediaries). It is also resilient to volatility of interest rates (stemming from changes in inflationary expectations) and is pareto-efficient to traditional interest bearing mortgages

Keywords: Asset Bubble; Community Bank; Inflation; Mortgage Design; and ROSCA. (search for similar items in EconPapers)
JEL-codes: C63 G21 G32 R2 (search for similar items in EconPapers)
Date: 2006-07-04
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sce:scecfa:13

Access Statistics for this paper

More papers in Computing in Economics and Finance 2006 from Society for Computational Economics Contact information at EDIRC.
Bibliographic data for series maintained by Christopher F. Baum ().