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Know Your Customer : Informed Trading by Banks
Haselmann, Rainer; Leuz, Christian; Schreiber, Sebastian - National Bureau of Economic Research - 2022
This study analyzes information production and trading behavior of banks with lending relationships. We combine trade-by-trade supervisory data and credit-registry data to examine banks' proprietary trading in borrower stocks around a large number of corporate events. We find that relationship...
Persistent link: https://www.econbiz.de/10013388877
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The Last Mile of Monetary Policy : Inattention, Reminders, and the Refinancing Channel
Byrne, Shane; Devine, Kenneth; King, Michael; McCarthy, … - National Bureau of Economic Research - 2023
Under-refinancing limits the transmission of accommodative monetary policy to the household sector and costs mortgage … likelihood mortgage holders are attentive by over 60%, from 24% to 39%. A conservative back-of-the-envelope cost …
Persistent link: https://www.econbiz.de/10014247964
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Who Gentrifies Low-Income Neighborhoods?
McKinnish, Terra - 2008
This paper uses confidential Census data, specifically the 1990 and 2000 Census Long Form data, to study the demographic processes underlying the gentrification of low-income urban neighborhoods during the 1990's. In contrast to previous studies, the analysis is conducted at the more refined...
Persistent link: https://www.econbiz.de/10012464611
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Optimal Drug Policy in Low-Income Neighborhoods
Chang, Sheng-Wen - 2002
Part of the debate over the control of drug activity in cities is concerned with the effectiveness of implementing demand- versus supply-side drug policies. This paper is motivated by the relative lack of research providing formal economic underpinning for the implementation of either policy. We...
Persistent link: https://www.econbiz.de/10012469461
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Long-Term Neighborhood Effects on Low-Income Families : Evidence from Moving to Opportunity
Ludwig, Jens - 2013
We examine long-term neighborhood effects on low-income families using data from the Moving to Opportunity (MTO) randomized housing-mobility experiment, which offered some public-housing families but not others the chance to move to less-disadvantaged neighborhoods. We show that 10-15 years...
Persistent link: https://www.econbiz.de/10012459888
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Fraudulent Income Overstatement on Mortgage Applications during the Credit Expansion of 2002 to 2005
Mian, Atif R. - 2015
Academic research, government inquiries, and press accounts show extensive mortgage fraud during the housing boom of … the mid-2000s. We explore a particular type of mortgage fraud: the overstatement of income on mortgage applications. We … define "income overstatement" in a zip code as the growth in income reported on home-purchase mortgage applications minus the …
Persistent link: https://www.econbiz.de/10012457719
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New Evidence on Redlining by Federal Housing Programs in the 1930s
Fishback, Price Van Meter; Rose, Jonathan; Snowden, … - National Bureau of Economic Research - 2021
conclude that the HOLC's redlining maps had little effect on the geographic distribution of either program's mortgage market …
Persistent link: https://www.econbiz.de/10012629464
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Residential Mobility and Mortgages
Chan, Sewin - 1995
Mortgage applications are a detailed and accurate source of household information that is verified by underwriters …, making it a more accurate data source than self-reported survey answers. This paper discusses how mortgage data can be … applied to areas of economics outside mortgage finance. As a supplement to variables from the application form, the self …
Persistent link: https://www.econbiz.de/10012473698
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Housing Speculation, GSEs, and Credit Market Spillovers
Amornsiripanitch, Natee; Strahan, Philip E.; Zhang, Song; … - National Bureau of Economic Research - 2024
increased credit to unaffected parts of the conforming-mortgage market. Banks responded by reallocating provision of speculative … mortgage credit across their local markets, which in turn affected their provision of small business credit. These adjustments …
Persistent link: https://www.econbiz.de/10014512063
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Optimal Mortgage Refinancing with Inattention
Berger, David; Milbradt, Konstantin; Tourre, Fabrice; … - National Bureau of Economic Research - 2024
We build a model of optimal fixed-rate mortgage refinancing with fixed costs and inattention and derive a new …
Persistent link: https://www.econbiz.de/10014544725