FINANCIAL INNOVATION AND THE MORTGAGE MARKET: THE POSSIBILITIES FOR LIABILITY MANAGEMENT BY THRIFTS

Authors

  • Donald P. Tucker

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    • Division of Research and Statistics, Board of Governors of the Federal Reserve System. The views expressed in this paper are the author's personal opinions and do not necessarily reflect the views of the Board of Governors or of any of its members. The simulation results reported here were derived with the superb programming assistance of Sherrie Ledford.


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