Discuss pros and cons of given idea for banks and borrowers

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Robert Shiller of Yale University has suggested a variation on ARMs in which mortgage interest rates are tied to inflation, not to short-term interest rates.

Discuss the pros and cons of this idea for banks and for borrowers.

Reference no: EM131220920

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Discuss pros and cons of given idea for banks and borrowers : Robert Shiller of Yale University has suggested a variation on ARMs in which mortgage interest rates are tied to inflation, not to short-term interest rates. - Discuss the pros and cons of this idea for banks and for borrowers.
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