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Reverse Mortgage Contracts in U.S. and China
- Author(s)
- ZHANG YUEYUN
- Advisor
- 성재영
- Department
- 일반대학원 금융공학과
- Publisher
- The Graduate School, Ajou University
- Publication Year
- 2015-08
- Language
- eng
- Alternative Abstract
- Reverse mortgage is attracting more and more people’s attention as an important financial instrument nowadays. It has been developed quite well by countries such as USA. Taking the practice of reverse mortgage in USA as reference, this paper explores the development and improvement of reverse mortgage in USA. In addition, it discusses the current reverse mortgage insurance launched recently in China as well as the application of Black-Scholes-Merton formula in the pricing problem. Finally it puts forward recommendations according to local situation for better improving reverse mortgage.
- Fulltext
- Appears in Collections:
- Graduate School of Ajou University > Department of Financial Engineering > 3. Theses(Master)
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