The thrift crisis, mortgage-credit intermediation, and housing activity.: An article from: Journal of Money, Credit & Banking

This digital document is an article from Journal of Money, Credit & Banking, published by Ohio State University Press on May 1, 1995. The length of the article is 8786 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: This paper evaluates the influence of periodic disruptions in the thrift industry on mortgage credit intermediation and housing activity. Results of the analysis indicate that disruptions in the thrift industry during the early 1980s imposed real costs on the economy by reducing the amount of mortgage credit intermediation. Estimation findings intimate a sizeable mortgage interest rate premium stemming from the loss in thrift intermediation services during the early 1980s. Those higher mortgage rates served to dampen housing demand, in turn exacerbating the cyclical decline. In contrast, empirical findings for the post-recession period of the 1980s indicates a severing of the link between mortgage interest rates and thrift provision of mortgage credit. (Printed by permission of the publisher.)

Citation Details
Title: The thrift crisis, mortgage-credit intermediation, and housing activity.
Author: Michael G. Bradley
Publication:Journal of Money, Credit & Banking (Refereed)
Date: May 1, 1995
Publisher: Ohio State University Press
Volume: v27 Issue: n2 Page: p476(22)

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