Comment: Are mortgage markets too complex?

A report published this week by the Bank for International Settlements (BIS) suggests that households may no longer "completely understand their mortgage contracts". Not surprisingly, the authors contend that recent changes in housing finance systems have important policy implication for central bankers around the world.

COMMENT BY CENTRALBANKNEWS

In particular, the authors argue that the introduction of negative amortisation loans and a number of other new loan contracts has led households "to

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