Resolving Residential Mortgage Distress : Time to Modify? /
In housing crises, high mortgage debt can feed a vicious circle of falling housing prices and declining consumption and incomes, leading to higher mortgage defaults and deeper recessions. In such situations, resolution policies may need to be adapted to help contain negative feedback loops while min...
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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2014.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2014/226 |
| Онлайн доступ: | Full text available on IMF |