Narrow search
Showing 1 - 10 of 209
Cover Image
Money and collateral
Kumar, Manmohan S.; Stella, Peter - 2012
Between 1980 and before the recent crisis, the ratio of financial market debt to liquid assets rose exponentially in the U.S. (and in other financial markets), reflecting in part the greater use of securitized assets to collateralize borrowing. The subsequent crisis has reduced the pool of...
Persistent link: https://www.econbiz.de/10009614541
Cover Image
Banks' liability structure and mortgage lending during the financial crisis
Dagher, Jihad C.; Kazimov, Kazim - 2012
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 …
Persistent link: https://www.econbiz.de/10009618540
Cover Image
Latin America : vulnerabilities under construction?
Cubeddu, Luis; Tovar, Camilo Ernesto; Tsounta, Evridiki - 2012
This paper documents developments in mortgage credit and the housing sector in Latin America over the past decade, and … compares them with those of other emerging economies. In particular, it examines the real estate and mortgage markets to assess … whether (i) growth in mortgage credit is excessive compared to long-term trends; (ii) trends in house prices reflect changes …
Persistent link: https://www.econbiz.de/10009620961
Cover Image
Global housing cycles
Igan, Deniz; Loungani, Prakash - 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/10009621624
Cover Image
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
Cover Image
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
Cover Image
Real Effects of the Subprime Mortgage Crisis
Tong, Hui - 2008
We develop a methodology to study how the subprime crisis spills over to the real economy. Does it manifest itself primarily through reducing consumer demand or through tightening liquidity constraint on non-financial firms? Since most non-financial firms have much larger cash holding than...
Persistent link: https://www.econbiz.de/10012677630
Cover Image
Is Housing Wealth an 'ATM'? The Relationship Between Household Wealth, Home Equity Withdrawal, and Saving Rates.
Klyuev, Vladimir - 2006
MORTGAGE PRODUCT INNOVATION -- II. DATA ISSUES -- References. …
Persistent link: https://www.econbiz.de/10012691040
Cover Image
What Drives Mortgage Default Risk in Europe and the U.S.?
Gross, Marco - 2022
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 …
Persistent link: https://www.econbiz.de/10015060521
Cover Image
Equilibrium Foreign Currency Mortgages
Kolasa, Marcin - 2021
This paper proposes a novel explanation for why foreign currency denominated loans to households have become so popular in some emerging economies. Our argument is based on what we call the debt limit channel, which arises when multi-period contracts are offered to financially constrained...
Persistent link: https://www.econbiz.de/10015057907