Plausibly Exogenous [951] - Market Trading (09/06/2022)
LHS Variable
Welfare of mortgage borrowers
RHS Variable
To-be-announced (TBA) market for agency mortgage-backed securities (MBS)
Source of Exogenous Variation
Discontinuities in TBA eligibility
- Huh and Kim (2022), “The Real Effects of Secondary Market Trading Structure: Evidence from the Mortgage Market”