Narrow search
Showing 1 - 10 of 836
Cover Image
Financialisation of the Maltese household? : household debt dynamics, the mortgage market, and housing in Malta
Cassar, Dylan - 2023
This paper provides a comprehensive assessment of household debt dynamics in Malta between 2010 and 2020. Drawing on … the Household Finance and Consumption Survey, it argues that a process of financialisation of the household is underway on … the Maltese islands, primarily via the mortgage market. This process is characterised by (i) financial extension, in which …
Persistent link: https://www.econbiz.de/10014427487
Cover Image
Intermediated quantities and returns
Mehra, Rajnish (contributor);  … - 2007
There is a large amount of intermediated borrowing and lending between households. Some of it is intergenerational, but most is between older households. The average difference in borrowing and lending rates is over 2 percent. In this paper, we develop a model economy that displays these facts...
Persistent link: https://www.econbiz.de/10003579971
Cover Image
Consumer bankruptcy, mortgage default and labour supply
Li, Wenli; Meghir, Costas; Oswald, Florian - 2022
individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks …
Persistent link: https://www.econbiz.de/10013167646
Cover Image
Money, banking and financial markets
Andolfatto, David; Berentsen, Aleksander; Martin, … - 2017
The fact that money, banking, and financial markets interact in important ways seems self-evident. The theoretical … banking and financial markets with the Lagos and Wright (2005) dynamic model of monetary exchange–a union that bears a …-free banking system …
Persistent link: https://www.econbiz.de/10011780925
Cover Image
Costly financial intermediation in neoclassical growth theory
Mehra, Rajnish; Piguillem, Facundo; Prescott, Edward C. - 2011
The neoclassical growth model is extended to include costly intermediated borrowing and lending between households. This is an important extension as substantial resources are used in intermediating the large amount of borrowing and lending between households. In 2007, in the United States, the...
Persistent link: https://www.econbiz.de/10008987530
Cover Image
Consumption in the Great Recession : the financial distress channel
Athreya, Kartik B.; Mather, Ryan; Mustre-del-Río, José; … - 2019
. We uncover two essential facts: (1) the decline in house prices led to an increase in household financial distress prior …
Persistent link: https://www.econbiz.de/10012137091
Cover Image
Foreign currency borrowing and knowledge about exchange rate risk
Beckmann, Elisabeth; Stix, Helmut - 2014
Persistent link: https://www.econbiz.de/10010359491
Cover Image
Households' foreign currency borrowing in Central and Eastern Europe
Fidrmuc, Jarko; Hake, Mariya; Stix, Helmut - 2011
Foreign currency loans represent an important feature of recent financial developments in CEECs. This might pose a serious challenge for macroeconomic stability. Against this background, the authors study the determinants of foreign currency loans of households, using data on the behavior of...
Persistent link: https://www.econbiz.de/10009385154
Cover Image
Government and private household debt relief during COVID-19
Cherry, Susan F.; Jiang, Erica Xuewei; Matvos, Gregor; … - 2021
Persistent link: https://www.econbiz.de/10012588136
Cover Image
Household Finance and Consumption Survey : a comparison of the main results for Malta with the euro area
Attard, Silvio; Deguara, Warren; Antonaroli, Valentina - 2020
This paper compares the main findings from the third wave of the Household Finance and Consumption Survey (HFCS) for … Malta with those for the euro area. This comparative report finds that in 2016 the median Maltese household held more real …
Persistent link: https://www.econbiz.de/10012253036