global perspective. At the same time, collateral requirements applied by banks are onerous and also constrain the quantity of … the high collateral requirements. Reforms in all these areas would support greater financial inclusion in the aftermath of …

We present an analysis of the sensitivity of household mortgage probabilities of default (PDs) and loss given default … counterfactual analysis of the responsiveness of mortgage PDs, LGDs, and bank capitalization conditional on adverse scenarios related …

house price appreciation in mortgage markets. We find instruments targeting the cost of bank capital most effective in … slowing down mortgage credit growth, and that the impact is transmitted mainly through price margins, the same banking channel …

life-cycle profile of home ownership, and the mortgage default rate. The average coefficients that measure the agents …

letters of credit, which during the capital controls period had to be backed by firms’ own cash collateral rather than the …

during the financial crisis in the United States. We focus on mortgage lending to minimize the impact of confounding demand … disaggregated data on mortgage applications that we use allows us to study the time variations in banks' decisions to grant mortgage … credit significantly more than retail-funded banks during the crisis. The demand for mortgage credit, on the other hand …