Plausibly Exogenous [1098] - Securitization (02/02/2023)
LHS Variable
Share of fixed-rate mortgages (FRMs)
RHS Variable
Difficulty of securitization
Source of Exogenous Variation
Variation in access to liquid securitization markets generated by a regulatory cutoff
- Fuster and Vickery (2015), “Securitization and the fixed-rate mortgage”