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Booms and busts in housing markets : determinants and implications
Agnello, Luca; Schuknecht, Ludger - 2009
term interest rates, local and global money and credit developments, and the incidence of mortgage market deregulation …
Persistent link: https://www.econbiz.de/10003867077
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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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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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Navigating the housing channel of monetary policy across euro area regions
Battistini, Niccolò; Falagiarda, Matteo; Hackmann, Angelina - 2022
This paper assesses the role of the housing market in the transmission of conventional and unconventional monetary policy across euro area regions. By exploiting a novel regional dataset on housing-related variables, a structural panel VAR analysis shows that monetary policy propagates...
Persistent link: https://www.econbiz.de/10013448726
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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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Signals from housing and lending booms
Bunda, Irina; Ca'Zorzi, Michele - 2009
The contribution of this paper is to revisit the Early Warning System (EWS) literature by analysing selected episodes of financial market crisis, i.e. those preceded by a spell of credit and real estate expansions. The aim is to disentangle instances when this constitutes a natural phenomenon...
Persistent link: https://www.econbiz.de/10003963770
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Asset price booms and monetary policy
Detken, Carsten (contributor); Smets, Frank (contributor) - 2004
Persistent link: https://www.econbiz.de/10002125226
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Housing market dynamics : any news?
Gomes, Sandra; Mendicino, Caterina - 2015
Persistent link: https://www.econbiz.de/10010516544
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Real estate markets and macroprudential policy in Europe
Hartmann, Philipp - 2015
Persistent link: https://www.econbiz.de/10011288712