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Consumption Effects of Mortgage Payment Holidays : Evidence During the COVID-19 Pandemic
Albuquerque, Bruno; Varadi, Alexandra - 2022
We use UK transaction-level data during the Covid-19 pandemic to study whether mortgage payment holidays (PH) can act … as a mechanism for smoothing household consumption following negative aggregate shocks. Our results suggest that mortgage … mortgage PH led to higher saving rates for more financially-stable households …
Persistent link: https://www.econbiz.de/10013294802
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Global Corporate Stress Tests - Impact of the COVID-19 Pandemic and Policy Responses
Tressel, Thierry; Ding, Xiaodan - 2022
Corporate sector vulnerabilities have been a central policy topic since the outset of the COVID-19 pandemic. In this paper, we analyze some 17,000 publicly listed firms in a sample of 24 countries, and assess their ability to withstand shocks induced by the pandemic to their liquidity, viability...
Persistent link: https://www.econbiz.de/10013305627
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COVID-19 Impact and Mitigation Policies : A Didactic Epidemiological-Macroeconomic Model Approach
Ansah, John P.; Epstein, Natan P.; Nalban, Valeriu - 2021
We develop an integrated epidemiological-macroeconomic model to analyze the interplay between the COVID-19 outbreak and economic activity, as a tool for capacity building purposes. We illustrate a workhorse framework that combines a rich epidemiological model with an economic block to shed light...
Persistent link: https://www.econbiz.de/10013252049
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A Tip Against the COVID-19 Pandemic
Cherif, Reda - 2020
A universal testing and isolation policy is the most viable way to vanquish a pandemic. Its implementation requires: (i) an epidemiological rather than clinical approach to testing, sacrificing accuracy for scalability, convenience and speed; and (ii) state intervention to ramp up production,...
Persistent link: https://www.econbiz.de/10012827589
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The Sovereign-Bank Nexus in Emerging Markets in the Wake of the COVID-19 Pandemic
Deghi, Andrea; Fendoglu, Salih; Tabarraei, Hamid; Iyer, Tara - 2022
The COVID-19 pandemic has brought the relationship between sovereigns and banks—the so-called sovereign-bank nexus—in emerging market economies to the fore as bank holdings of domestic sovereign debt have surged. This paper examines the empirical relevance of this nexus to assess how it...
Persistent link: https://www.econbiz.de/10014237880
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Government Intervention and Bank Market Power : Lessons from the Global Financial Crisis for the COVID-19 Crisis
Tan, Brandon; Igan, Deniz; Martinez Peria, Maria Soledad; … - 2021
The COVID-19 pandemic could result in large government interventions in the banking industry. To shed light on the possible consequences on market power, we rely on the experience of the global financial crisis and exploit granular data on government interventions in more than 800 banks across...
Persistent link: https://www.econbiz.de/10013250086
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US Housing Market During COVID-19 : Aggregate and Distributional Evidence
Zhao, Yunhui - 2021
-up to the 2007-09 global financial crisis; (2) the increase in housing demand in response to lower mortgage interest rates …
Persistent link: https://www.econbiz.de/10013314842
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With Great Power Comes Great Responsibility : Macroprudential Tools at Work in Canada
Krznar, Ivo - 2014
associated with lower mortgage credit growth and house price growth. The international experience suggests that - in addition to …
Persistent link: https://www.econbiz.de/10013053034
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Stabilizing the System of Mortgage Finance in the United States
Koss, Richard - 2017
mortgage finance can be seen building across several dimensions that need to be addressed. While reforms to the GSEs are an … important part of dealing with these concerns, this paper argues that broader changes need to be made across the entire mortgage …
Persistent link: https://www.econbiz.de/10012948519
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Bank Competition, Risk Taking, and Their Consequences : Evidence from the U.S. Mortgage and Labor Markets
Feng, Alan - 2018
-level U.S. mortgage data by exploiting the exogenous variation in local house price volatility. The paper finds that, in … response to high expected house price volatility, banks in U.S. counties with a competitive mortgage market lowered lending …
Persistent link: https://www.econbiz.de/10012912505