References
- Albanesi, S., De Giorgi, G., and Nosal, J. 2017. Credit growth and the financial crisis: A new narrative, No. w23740. National Bureau of Economic Research.
- Azariadis, C. 1981. "Self-fulfilling prophecies," Journal of Economic Theory, 25(3): 380-396. https://doi.org/10.1016/0022-0531(81)90038-7
- Bang, Doowan. 2015. "Analysis of current issues on non-recourse mortgage products," HF Issue Report, 15-8
- Bester, H. 1985. "Screening vs. rationing in credit markets with imperfect information," The American Economic Review, 75(4): 850-855.
- Brunnermeier, Markus K., and Lasse Heje Pedersen. 2008. "Market liquidity and funding liquidity," The Review of Financial Studies, 22(6): 2201-2238. https://doi.org/10.1093/rfs/hhn098
- Bhutta, N., Dokko, J., & Shan, H. 2017. "Consumer ruthlessness and mortgage default during the 2007 to 2009 housing bust," The Journal of Finance, 72(6): 2433-2466. https://doi.org/10.1111/jofi.12523
- Campbell, J. Y. 2012. "Mortgage market design," Review of finance, 17(1): 1-33. https://doi.org/10.1093/rof/rfs030
- Campbell, J. Y., and Cocco, J. F. 2015. "A model of mortgage default," The Journal of Finance, 70(4): 1495-1554. https://doi.org/10.1111/jofi.12252
- Cocco, J. F. 2013. "Evidence on the benefits of alternative mortgage products," The Journal of Finance, 68(4): 1663-1690. https://doi.org/10.1111/jofi.12049
- Corbae, D., and Quintin, E. 2010. Mortgage innovation and the foreclosure boom. Unpublished Manuscript. University of Texas and University of Wisconsin.
- Diamond, D., and Dybvig, P. 1983. "Bank Runs, deposit Insurance, and liquidity," Journal of Political Economy, 91(3): 401-419. https://doi.org/10.1086/261155
- Ghent, A. C., and Kudlyak, M. 2011. "Recourse and residential mortgage default: evidence from US states," The Review of Financial Studies, 24(9): 3139-3186. https://doi.org/10.1093/rfs/hhr055
- Guiso, L., Sapienza, P., and Zingales, L. 2013. "The determinants of attitudes toward strategic default on mortgages," The Journal of Finance, 68(4): 1473-1515. https://doi.org/10.1111/jofi.12044
- Hatchondo, J. C., Martinez, L., and Sanchez, J. M. 2015. "Mortgage defaults," Journal of Monetary Economics, 76: 173-190. https://doi.org/10.1016/j.jmoneco.2015.09.011
- Kim, J. 2015. "Household's optimal mortgage and unsecured loan default decision," Journal of Macroeconomics, 45: 222-244. https://doi.org/10.1016/j.jmacro.2015.05.002
- Malherbe, F. 2014. "Self fulfilling liquidity dry ups," The Journal of Finance, 69(2): 947-970. https://doi.org/10.1111/jofi.12063
- Parlour, C. A., and Plantin, G. 2008. "Loan sales and relationship banking," The Journal of Finance, 63(3): 1291-1314. https://doi.org/10.1111/j.1540-6261.2008.01358.x
- Piskorski, T., and Tchistyi, A. 2010. "Optimal mortgage design," The Review of Financial Studies, 23(8): 3098-3140. https://doi.org/10.1093/rfs/hhq031
- Rhee, Keeyoung. forthcoming. Effects of Non-Recourse Mortgages on Banks' Credit Risk Management, KDI Policy Research Series.
- Vandell, K. D. 1978. "Default risk under alternative mortgage instruments," The Journal of Finance, 33(5): 1279-1296. https://doi.org/10.1111/j.1540-6261.1978.tb03420.x