Allen, Franklin; Barth, James R.; Yago, Glenn - In: National Institute Economic Review 230 (2014) 1, pp. 16-16
The recent crisis has underlined the importance of the interaction of financial innovations and the housing market. We … consider five major innovations relevant to housing finance. These are (i) mortgages; (ii) specialised housing finance …) securitised mortgages. The history of these innovations and their positive and negative aspects are discussed. Future innovations …