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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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Mortgage Defaults
Martinez, Leonardo - 2012
life-cycle profile of home ownership, and the mortgage default rate. The average coefficients that measure the agents …
Persistent link: https://www.econbiz.de/10014396941
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Household debt and house prices-at-risk : a tale of two countries
Alter, Adrian; Mahoney, Elizabeth M. - 2020
To identify and quantify downside risks to housing markets, we apply the house price-at-risk methodology to a sample of 37 cities across the United States and Canada using quarterly data from 1983 to 2018. This paper finds that downside risks to housing markets in the United States have...
Persistent link: https://www.econbiz.de/10012251283
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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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Real estate in the Netherlands : a taxonomy of risks and policy challenges
Geis, André; Luca, Oana - 2021
Soaring real estate prices and valuations despite the economic downturn brought by the pandemic have focussed the attention of Dutch policymakers on potential macro-financial and socio-economic implications. In this context, our paper reviews the salient features of Dutch commercial and...
Persistent link: https://www.econbiz.de/10012605499
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Canadian Residential Mortgage Markets : Boring But Effective?
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/10014403173
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Price expectations and the U.S. housing boom
Towbin, Pascal; Weber, Sebastian - 2015
, housing demand, and mortgage rate shocks. House price expectation shocks are the most important driver of the boom and account …
Persistent link: https://www.econbiz.de/10011373920
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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 lenders make less-informed investments in high-growth housing markets?
Chen, Sophia; Ratnovski, Lev; Sun, Yangfan - 2021
Nonlocal mortgage lenders with greater exposure to high-growth housing markets accept fewer loan applications in these … lenders' exposure to high-growth markets is associated with more risk, more efficiency, and more return on mortgage portfolios …
Persistent link: https://www.econbiz.de/10012612342