Using Bayesian methods, we estimate a small open economy model in which consumers face limits to credit determined by … the value of their housing stock. The purpose of this paper is to quantify the role of collateralized household debt in … ; Credit and credit aggregates ; Transmission of monetary policy …

structure. In more competitive markets, reducing the relative attractiveness of the offline option involves the risk of losing … markets and for more dominant banks. We find support for the predictions of the model using a panel of household survey data …

risk taking and real economic activity. First, we analyze how changes in funding affect the supply of bank loans. We then … examine how the supply of credit by banks that rely more on wholesale funding changed during periods of low-for-long interest … liquidity risk by supplying long-term loans with short-term funding. We also find that mortgage lending by banks relying more on …

household risk management: income volatility reduces the take-out of ARMs, while increasing duration and relative size of the …Mortgages constitute the largest part of household debt. An essential choice when taking out a mortgage is between …-country study has analyzed what determines household demand for mortgage types, a task that this paper takes up using new data for …

The author estimates the relationship between the provincial credit ratimgs, as assessed by Standard & Poor' and a …