A profit-maximizing model of Federal Hom
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Elizabeth Mays
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Article
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1989
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Springer US
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English
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In this article the price-setting behavior of the district Federal Home Loan Banks (FHLBs) is investigated. Previous studies have viewed the FHLB system as a policy authority that sets the interest rate on FHLB advances in an attempt to stabilize mortgage and housing markets. In this study a profitm