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and mortgage debt. It also describes the Spanish mortgage market and assesses the resilience of the financial sector to a … possible adjustment in the housing and mortgage markets. It presents a market-based indicator to show the market views on the … quality of the mortgage portfolio and also provides recommendations. …
Persistent link: https://www.econbiz.de/10011244584
Policy-makers have attributed the scale of the credit crisis and its profound impact on money markets (as well as financial sector stability) to the fast rise of securitization and the way it has arguably complicated both the conduct of monetary policy and the effect of interest rate...
Persistent link: https://www.econbiz.de/10005263753
limit on residential mortgage loans in the Interest Act. That said, the availability and cost of residential loans for prime …
Persistent link: https://www.econbiz.de/10008528667
This paper considers the case for mortgage covered bonds as an alternative to the originate-to-distribute mortgage … mortgage loan quality in the United States - potentially reflecting borrower incentives under the personal bankruptcy framework …
Persistent link: https://www.econbiz.de/10008777017
Why do asset price bubbles continue to appear in various markets? This paper provides an overview of recent literature on bubbles, with significant attention given to behavioral models and rational models with frictions. Unlike the standard rational models, the new literature is able to model...
Persistent link: https://www.econbiz.de/10011242201
This paper discusses how financial innovation turned U.S. mortgages into an asset class with worldwide investor appeal. It suggests that U.S. financial markets have been skilful in developing tools that have helped households exploit favorable global financing conditions to boost home ownership...
Persistent link: https://www.econbiz.de/10011242944
This Selected Issues paper on Canada examines economic development and policies. Capital ratios before the crisis have been a key determinant of bank performance during the turmoil; and Canadian banks had ample capital. Specifically, most banks with critically low capital at end-2006 later...
Persistent link: https://www.econbiz.de/10011244253
macroprudential standards for mortgage lending while undertaking tax reforms to gradually reduce incentives for excessive leverage …
Persistent link: https://www.econbiz.de/10011244493
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10011244786
stability. The rise in household debt and the banking system’s increased exposure to mortgage debt resulted with the changes …
Persistent link: https://www.econbiz.de/10011244923