Are the government-sponsored enterprises (GSEs) justified?

摘要

Recent studies provide evidence that the government-sponsored enterprises (GSEs) might not be justified under a rigorous and innovative framework of cost-benefit analysis. The policy implication is that the GSEs might have finished their historical mission of building the secondary mortgage market, but now with a mature secondary mortgage market, they might not be beneficial any more - maybe it is the time for them to exit.View full textDownload full textKeywordsconforming loan, conforming loan limit, government-sponsored enterprise (GSE), jumbo loan, jumbo-conforming spreadRelated var addthis_config = { ui_cobrand: "Taylor & Francis Online", services_compact: "citeulike,netvibes,twitter,technorati,delicious,linkedin,facebook,stumbleupon,digg,google,more", pubid: "ra-4dff56cd6bb1830b" }; Add to shortlist Link Permalink http://dx.doi.org/10.1080/10511482.2011.648209