Mises Daily
Author:
Nikolay Gertchev
Online Publish Date:
best way to expand their turnover, rather than financing a more aggressive sales policy through additional fund raising that would become ever more expansive as it aim at creating a secondary market for home mortgage loans. MBSs went through some innovations, such as the creation of collateralized mortgage obligations (CMOs) in have come to the conclusion that securitization decreases the power of monetary policy: “securitization has likely weakened the impact of any policy move.” This, of