Narrow search
Showing 1 - 3 of 3
Cover Image
Borrowing in Foreign Currency: Austrian Households as Carry Traders
Ongena, Steven; Beer, Christian; Peter, Marcel - Schweizerische Nationalbank (SNB) - 2008
Household borrowing in a foreign currency is a widespread phenomenon in Austria. Twelve percent of Austrian households report their housing loan to be denominated in either Swiss franc or Japanese yen for example. Yet, despite its importance, peculiar character, and immediate policy concerns, we...
Persistent link: https://www.econbiz.de/10008925052
Cover Image
Mortgage Rate Pass-Through in Switzerland
Cecchin, Iva - Schweizerische Nationalbank (SNB) - 2011
passthrough of rates of adjustable-rate mortgages is incomplete and sluggish compared to the rates of mortgages with a fixed … of 2007 for fixed-rate mortgages and in mid-2005 for floating-rate mortgages. For all mortgage rates, asymmetries are …-rate mortgages exhibit upward price stickiness. This result suggests that competition was stronger in this specific mortgage …
Persistent link: https://www.econbiz.de/10009023977
Cover Image
Borrowing in Foreign Currency: Austrian Households as Carry Traders
Ongena, Steven; Beer, Christian; Peter, Marcel - Schweizerische Nationalbank (SNB) - 2008
Household borrowing in a foreign currency is a widespread phenomenon in Austria. Twelve percent of Austrian households report their housing loan to be denominated in either Swiss franc or Japanese yen for example. Yet, despite its importance, peculiar character, and immediate policy concerns, we...
Persistent link: https://www.econbiz.de/10005091296