Amortization Requirements May Increase Household Debt : A Simple Example

A Simple Example

Amortization Requirements May Increase Household Debt : A Simple Example
Debt amortization requirements have been suggested as a way to reduce household indebtedness. However, a closer look reveals that amortization requirements may create incentives for both borrowers and lenders to borrow and lend more rather than less. Suppose that a household plans to finance a given housing purchase through a preferred future... READ MORE...

Publication date: April 2016
ISBN 9781484321843
$18.00

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