Hostname: page-component-cd9895bd7-gbm5v Total loading time: 0 Render date: 2024-12-29T11:43:15.837Z Has data issue: false hasContentIssue false

A Better Housing Finance System

Published online by Cambridge University Press:  26 March 2020

Angus Armstrong*
Affiliation:
National Institute of Economic and Social Research
*

Abstract

Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Commentary
Copyright
Copyright © 2013 National Institute of Economic and Social Research

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Akerlof, G.A. (1970), ‘The market for ‘lemons’: quality uncertainty and the market mechanism’, Quarterly Journal of Economics, 84 (3), pp. 488500.CrossRefGoogle Scholar
Allen, F.Gale, D. (2009), Understanding Financial Crises, Oxford, Oxford University Press.Google Scholar
Armstrong, A. (2012), ‘Restoring trust in banking’, National Institute Economic Review, 221, July, pp. R4R10.CrossRefGoogle Scholar
Barwell, R.Burrows, O. (2011), ‘Growing fragilities? Balance sheets in the Great Moderation’, Bank of England Financial Stability Paper, No. 10.Google Scholar
Campbell, J.Y.Cocco, J. (2003), ‘Household risk management and optimal mortgage choice’, Quarterly Journal of Economics, 118(4), pp. 1449–94.CrossRefGoogle Scholar
Claessens, S.Pozsar, Z.Ratnovski, L.Singh, M. (2012), ‘Shadow banking: economics and policy’, IMF Discussion Note 12/12.CrossRefGoogle Scholar
Financial Services Authority (2011), Mortgage Market Review Data Pack.Google Scholar
Treasury, HM (2008), Housing Finance Review, London, HMSO.Google Scholar
Miles, D. (2004), The UK Mortgage Market: Taking a Longer-Term View, London, HMSO.Google Scholar
Morrison, A.Wilhem, W. (2010), ‘Investment banking: past, present and future’, Journal of Applied Corporate Finance, 19(1).Google Scholar
Murphy, G. (2012), Speech to Euromoney EU Prospectus Directive (PD) Conference, London.Google Scholar
North, D.C. (1994), ‘The evolution of efficient markets in history’, Economic History EconWPA 9411005, available at http://128.118.178.162/eps/eh/papers/9411/9411005.pdf.Google Scholar
Pagano, M.Volpin, P.O. (2012), ‘Securitization, transparency, and liquidity’, Review of Financial Studies, 25(8), pp. 2417–53.CrossRefGoogle Scholar
Shin, H.S, (2010), Risk and Liquidity, Oxford, Oxford University Press.Google Scholar