Financing the market for existing housing : an alternate source of funds
Guttentag demonstrated that the demand for mortgages was negatively related to the demand for bonds. He reasoned that during periods of increasing interest rates, that mortgages are rationed from the capital markets more rapidly than bonds because of short run inelasticity of business firms and beca...
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| Language: | English |
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2010
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| Online Access: | http://hdl.handle.net/2429/20668 |