. Micro data show a strong association between credit booms and leverage ratios, firm values, and banking fragility. We also …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 …

past two decades. It finds that (i) mortgage markets have experienced rapid development, which has led to lower private per …

. Micro data show a strong association between credit booms and leverage ratios, firm values, and banking fragility. We also …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 …

limit on residential mortgage loans in the Interest Act. That said, the availability and cost of residential loans for prime …

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 …

This paper documents developments in mortgage credit and the housing sector in Latin America over the past decade, and … whether (i) growth in mortgage credit is excessive compared to long-term trends; (ii) trends in house prices reflect changes … compares them with those of other emerging economies. In particular, it examines the real estate and mortgage markets to assess …

driven by income and demographics but fluctuations in these fundamentals and credit conditions can create deviations from the …

MORTGAGE PRODUCT INNOVATION -- II. DATA ISSUES -- References. …

equilibrium model and show that although monetary easing decreases the mortgage payment burden, it would raise house prices, lower …