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Economics of the Mortgage Market – Perspectives On Household Decision Making

David Leece (Autor)

Software / Digital Media
272 Seiten
2008
Wiley-Blackwell (Hersteller)
9780470694022 (ISBN)
CHF 94,60 inkl. MwSt
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Collates disparate literature into a single source Presents a complex set of issues in an accessible way for the non-mathematical reader Links consumer behaviour to issues of mortgage valuation.
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.

David Leece is Senior Lecturer in Business Economics & Finance in the Department of Management, University of Keele. His research interests are in the economics of housing and mortgage markets, as well as in business economics. He has published widely on mortgage market economics.

Preface. Acknowledgements. 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. Bibliography. Index.

Erscheint lt. Verlag 10.3.2008
Verlagsort Hoboken
Sprache englisch
Maße 172 x 244 mm
Gewicht 546 g
Themenwelt Betriebswirtschaft / Management Spezielle Betriebswirtschaftslehre Bankbetriebslehre
ISBN-13 9780470694022 / 9780470694022
Zustand Neuware
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