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Limited liability, strategic default and bargaining power
Mozzanica, Mirco Balatti; López-Quiles, Carolina - 2021
In this paper we examine the effects of limited liability on mortgage dynamics. While the literature has focused on …
Persistent link: https://www.econbiz.de/10012422423
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Mortgage borrowing limits and house prices : evidence from a policy change in Ireland
Higgins, Brian E. - 2024
This paper studies how mortgage borrowers and house prices react to a tightening of mortgage limits following a policy … leverage (LTV) of the mortgage. Using a difference-in-difference methodology, I find that groups of (poorer) borrowers, who …-to-value threshold, responded primarily by reducing the LTV of the mortgage. Borrowers who purchase cheaper houses could be buying …
Persistent link: https://www.econbiz.de/10014490418
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House prices, home equity and entrepreneurships
Corradin, Stefano; Popov, Alexander - 2013
Persistent link: https://www.econbiz.de/10009766423
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Home, safe home : cross-country monitoring framework for vulnerabilities in the residential real estate sector
Bengtsson, Elias; Grothe, Magdalena; Lepers, Etienne - 2017
This paper proposes a framework for monitoring vulnerabilities related to the residential real estate sector in a cross-country context. The framework might be useful for complementing or cross-checking signals available from existing approaches. It takes into account three dimensions of real...
Persistent link: https://www.econbiz.de/10011710115
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Asset prices, collateral and bank lending : the case of Covid-19 and real estate
Horan, Aoife; Jarmulska, Barbara; Ryan, Ellen - 2023
Our paper uses credit registry data for the euro area to examine how the banking system transmits asset price shocks to credit via revaluation of collateral and subsequent lending decisions. Specifically we examine banks' treatment of real estate collateral during the Covid-19 crisis. First we...
Persistent link: https://www.econbiz.de/10014342272
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Borrowing constraints, own labour and homeownership : does it pay to paint your walls?
Lindner, Peter; Mathä, Thomas; Pulina, Giuseppe; … - 2020
increase with the mortgage interest rate. These theoretical results are supported by empirical analysis, which also shows that …
Persistent link: https://www.econbiz.de/10012299081
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Housing, consumption and monetary policy : how different are the US and the euro area?
Musso, Alberto; Neri, Stefano; Stracca, Livio - 2010
real house price, residential investment and mortgage debt on the two sides of the Atlantic. Then, it presents evidence …
Persistent link: https://www.econbiz.de/10003971203
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Macroprudential policy and the role of institutional investors in housing markets
Muñoz, Manuel A. - 2020
Since the onset of the Global Financial Crisis, the presence of institutional investors in housing markets has steadily increased over time. Real estate funds (REIFs) and other housing investment rms leverage large-scale buy-to-rent investments in real estate assets that enable them to set...
Persistent link: https://www.econbiz.de/10012259387
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Fixed rate versus adjustable rate mortgages : evidence from euro area banks
Albertazzi, Ugo; Fringuellotti, Fulvia; Ongena, Steven - 2019
) the historical volatility of in ation is lower, (2) the correlation between unemployment and the short-term interest rate … mortgage-backed securities is more widespread. …
Persistent link: https://www.econbiz.de/10012114984
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What drives returns to euro area housing? : evidence from a dynamic dividend-discount model
Hiebert, Paul; Sydow, Matthias - 2009
We apply a dynamic dividend-discount model to analyse unexpected housing returns in a panel of eight euro area countries which together comprise 90% of euro area GDP. The application of this model allows for a decomposition of house price movements into movements in rent (cash-flow) and expected...
Persistent link: https://www.econbiz.de/10003831848