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Canadian Residential Mortgage Markets
Kiff, John - 2009
limit on residential mortgage loans in the Interest Act. That said, the availability and cost of residential loans for prime …
Persistent link: https://www.econbiz.de/10012677793
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Housing Finance and Mortgage-Backed Securities in Mexico
Zanforlin, L. - 2008
legislative and institutional reforms leading to the development of primary and secondary mortgage markets and reports the main … outlook for the Mexican RMBS market and draws some lessons from the recent U.S. subprime mortgage market problems …
Persistent link: https://www.econbiz.de/10012677578
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Credit Booms and Lending Standards : Evidence From the Subprime Mortgage Market
Dell'Ariccia, Giovanni - 2008
This paper links the current sub-prime mortgage crisis to a decline in lending standards associated with the rapid … declines in lending standards by incumbent banks. Finally, lending standards declined more in areas with higher mortgage …
Persistent link: https://www.econbiz.de/10014409025
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Accounting Discretion of Banks During a Financial Crisis
Laeven, Luc - 2009
sheets overvalue real estate-related assets compared to the market value of these assets, especially during the U.S. mortgage … crisis. Share prices of banks with large exposure to mortgage-backed securities also react favorably to recent changes in … use discretion in the classification of mortgage-backed securities to inflate their books. Our results indicate …
Persistent link: https://www.econbiz.de/10012677876
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The Housing Cycle in Emerging Middle Eastern Economies and its Macroeconomic Policy Implications
Beidas-Strom, Samya - 2009
past two decades. It finds that (i) mortgage markets have experienced rapid development, which has led to lower private per …
Persistent link: https://www.econbiz.de/10012677529
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Global Housing Cycles
Igan, Deniz; Loungani, Prakash - International Monetary Fund (IMF) - 2012
Housing cycles and their impact on the financial system and the macroeconomy have become the center of attention following the global financial crisis. This paper documents the characteristics of housing cycles in a large set of countries, and examines the determinants of house price movements....
Persistent link: https://www.econbiz.de/10010790415
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How to Deal with Real Estate Booms; Lessons From Country Experiences
Rabanal, Pau; Crowe, Christopher W.; Dell'Ariccia, Giovanni - International Monetary Fund (IMF) - 2011
The financial crisis showed, once again, that neglecting real estate booms can have disastrous consequences. In this paper, we spell out the circumstances under which a more active policy agenda on this front would be justified. Then, we offer tentative insights on the pros and cons as well as...
Persistent link: https://www.econbiz.de/10009019603
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Credit Market in Morocco
Oulidi, Nada - 2009
In this paper we use a disequilibrium framework common in the "credit crunch" literature, first to examine whether the slow credit growth in Morocco during the rapid expansion of liquidity in the first half of the decade can be attributed to credit rationing, and second to investigate the role...
Persistent link: https://www.econbiz.de/10012677744
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Modernizing Bank Regulation in Support of Financial Deepening
Wezel, Torsten - 2009
This paper studies how Uruguay's regulatory framework was gradually strengthened to address shortcomings identified during the 2002-03 crisis, to align with international standards and, more recently, to deal with cyclical pressures resulting in an acceleration of bank lending. In particular,...
Persistent link: https://www.econbiz.de/10012677865
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An Anatomy of Credit Booms
Terrones, Marco - 2008
We study the characteristics of credit booms in emerging and industrial economies. Macro data show a systematic relationship between credit booms and economic expansions, rising asset prices, real appreciations and widening external deficits. Micro data show a strong association between credit...
Persistent link: https://www.econbiz.de/10012677365