How do credit standards on the mortgage market affect neighbourhood choice and the resulting level of urban segregation …-2006 mortgage credit boom on the level of school segregation. Census tract racial composition is strongly correlated with the racial … composition of the 10 closest schools in the cross section. Matching a national data set of mortgage originations with annual …

We use survey data to study American households’ propensity to default when the value of their mortgage exceeds the … value of their house even if they can afford to pay their mortgage (strategic default). We find that 26% of the existing … the house. Yet, 17% of households would default, even if they can afford to pay their mortgage, when the equity shortfall …

welfare. Key parameters of demand and supply are estimated for leather footwear exports from Taiwan subject to the USA Orderly …

behavior following monetary policy shocks. In a first step, we show that the sensitivity of bank profits to interest rates … income gap also predicts the sensitivity of bank lending to interest rates, both for commercial & industrial loans and for … mortgages. Quantitatively, a 100 basis point increase in the Fed funds rate leads a bank at the 75th percentile of the income …

low-income countries. Transmission is measured by the impulse response of bank lending rates to monetary policy shocks … there is wide variation in the response of bank lending rates to a monetary policy innovation across countries. Monetary … policy shocks are more likely to affect bank lending rates in the theoretically expected direction in countries that have …

Shocks to bank lending, risk-taking and securitization activities that are orthogonal to real economy and monetary … type of shock. Expansionary securitization shocks lead to a permanent rise in real GDP and a fall in inflation. Bank … using a model of bank risk-taking and securitization. …

creditors’ runs. We find that the principal lender, ‘the bank’, makes few concessions to the borrower and that there is a … virtual absence of debt forgiveness. Finally, the bank relies heavily on the highly collateralized value of its loan in making …

In this Paper, we examine bank lending decisions in an economy with spillover effects in the creation of new investment … one bank does set a lower interest rate to capture a larger market, it may simultaneously reduce its lending. Our results … suggest that volatility and unpredictability in bank lending capacities may be a key indicator of various adverse outcomes in …