the value of their housing stock. The purpose of this paper is to quantify the role of collateralized household debt in …

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 … 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 …