Limiting foreclosure will make mortgage-backed securities more risky and banks lend less.
John C. F. Kuong
John is an Assistant Professor of Finance at INSEAD, where he teaches Corporate Financial Policy in the MBA programme, and Research topics in Corporate Finance in the PhD programme. John has obtained a PhD in Finance from the London School of Economics, an MSc in Financial Economics from the Toulouse School of Economics, and a BBA from the University of Macau. He has also completed a PhD research internship at the International Monetary Fund in Washington DC.
His main area of research is banking and corporate finance. His recent research investigates the fragility of the modern collateral-based banking system, the effects of securitization on mortgage foreclosures, and the optimal design of bank regulation and bail-out policy.