resources from savers before lending them to borrowers. In the financing model, banks are modelled as financial intermediaries … model predicts larger and faster changes in bank lending and greater real effects of financial shocks. Aggregate bank …

through disbursement of bank loans, and banks face convex lending costs. At the zero lower bound on deposit rates (ZLBD …

: Indexed Long-Term Repos (ILTR) and the Funding for Lending Scheme (FLS). Using BoE proprietary data, we show that …

interest rate spreads. The dynamics of OFCs' money and lending are shown to be interdependent. The evidence for interactions …This paper reports estimates of an econometric model of the determinants of OFCs' broad money holding and M4 lending to … holding and lending to this sector are modelled as being driven by GDP, wealth, the return to financial services and various …

mortgage-funded housing transactions and for an even greater fraction of non-mortgage sales. This paper studies the behaviour … regions with less liquid housing markets.Results are robust to including detailed geographical fixed effect and advertised …

approach allows us to consider different macroeconomic scenarios for the housing market, lenders' and borrowers' behaviour, and …

Academics have proposed hybrid products with equity features for the financing of housing. In spite of their risk … and prepayment behavior of households who have used the scheme highlights housing affordability constraints. A difference … that we study allow the separation of the consumption and investment dimensions of housing …

This study investigates the effects of housing futures trading on housing demand, house price volatility and housing …) model of noise traders to the housing market, when the risky asset is housing. This adds new features to the model as … households receive utility from housing services and cannot short-sell houses. The existence of noise traders in the housing …

We study the link between mortgage debt and entrepreneurship using a model of occupational choice and housing tenure in … shows that the link between housing wealth and entrepreneurship is ambiguously signed because of competing portfolio and …