IDEAS home Printed from https://ideas.repec.org/a/mcb/jmoncb/v20y1988i4p673-83.html
   My bibliography  Save this article

FNMA's Role in Deregulated Markets: Implications from Past Behavior

Author

Listed:
  • Kaufman, Herbert M

Abstract

The role that the Federal National Mortgage Association has played over the housing and mortgage credit cycle has often been the subject of controversy. The purpose of this paper is to analyze, both theoretically and econometrically (using VAR techniques), the Federal National Mortgage Association's impact over the last cycle and its likely future role in a deregulated environment, and to investigate the robustness of the econometric results found for earlier cycles. The econometric work suggests that the Federal National Mortgage Association did not behave countercyclically in the last cycle, while generally supporting its countercyclical role in previous cycles noted in earlier work. Copyright 1988 by Ohio State University Press.

Suggested Citation

  • Kaufman, Herbert M, 1988. "FNMA's Role in Deregulated Markets: Implications from Past Behavior," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 20(4), pages 673-683, November.
    • Handle: RePEc:mcb:jmoncb:v:20:y:1988:i:4:p:673-83
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0022-2879%28198811%2920%3A4%3C673%3AFRIDMI%3E2.0.CO%3B2-E&origin=bc
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Andrea J. Heuson & Wayne Passmore & Roger Sparks, 2000. "Credit scoring and mortgage securitization: do they lower mortgage rates?," Finance and Economics Discussion Series 2000-44, Board of Governors of the Federal Reserve System (U.S.).
    2. Edward Kane, 1999. "Housing Finance GSEs: Who Gets the Subsidy?," Journal of Financial Services Research, Springer;Western Finance Association, vol. 15(3), pages 197-209, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mcb:jmoncb:v:20:y:1988:i:4:p:673-83. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley-Blackwell Digital Licensing or Christopher F. Baum (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0022-2879 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.