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Money and Collateral
Singh, Manmohan - 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/10014396651
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The costs of macroprudential deleveraging in a liquidity trap
Chen, Jiaqian; Finocchiaro, Daria; Lindé, Jesper; … - 2020
We examine the effects of various borrower-based macroprudential tools in a New Keynesian environment where both real and nominal interest rates are low. Our model features long-term debt, housing transaction costs and a zero-lower bound constraint on policy rates. We find that the long-term...
Persistent link: https://www.econbiz.de/10012251966
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Mortgage Market Development, Savings, and Growth
Li, Xiaowei - 2001
Jappelli and Pagano (1994) argues that tightening the borrowing constraints in the mortgage markets promotes savings … savings and growth rates to fall. Therefore, for countries with scarce mortgage availability like those in the Middle East …, expanding the mortgage markets to some extent is conducive to savings and growth …
Persistent link: https://www.econbiz.de/10014403815
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Revisiting risk-weighted assets : “why do RWAs differ across countries and what can be done about it?”
Le Leslé, Vanessa; Avramova, Sofiya - 2012
Persistent link: https://www.econbiz.de/10009572315
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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
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Mortgage defaults
Hatchondo, Juan Carlos; Martinez, Leonardo; Sanchez, Juan M. - 2012
Persistent link: https://www.econbiz.de/10009423925
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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
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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
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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
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Do loan-to-value and debt-to-income limits work? : evidence from Korea
Igan, Deniz; Kang, Heedon - 2011
Persistent link: https://www.econbiz.de/10009419797