Narrow search
Showing 1 - 10 of 627
Cover Image
Fussing and Fuming over Fannie and Freddie: How Much Smoke, How Much Fire?
Frame, W. Scott; White, Lawrence J. - 2004
mortgage finance. We describe the special features of these two companies and their roles in the mortgage markets. We then …
Persistent link: https://www.econbiz.de/10005846884
Cover Image
Emerging Competition and Risk-Taking Incentives at Fannie Mae and Freddie Mac
White, Lawrence J.; Frame, W. Scott - Federal Reserve Bank <Atlanta, Ga.> - 2004
This paper examines two major forces that may soon increase competition in the U.S. secondary conforming mortgage … market: 1) the expansion of Federal Home Loan Bank mortgage purchase programs, and 2) the adoption of revised risk …
Persistent link: https://www.econbiz.de/10005846886
Cover Image
Banking competition, IT use, and financial stability
Koetter, Michael; Noth, Felix - Johann Wolfgang Goethe-Universität <Frankfurt a. Main> … - 2009
ofmore intensive IT use on competition, bank’s information base, and the financial stability of bothbanks and corporates. To …
Persistent link: https://www.econbiz.de/10005866889
Cover Image
Property Derivatives and Index-Linked Mortgages
Syz, Juerg; Vanini, Paolo; Salvi, Marco - Institut für Schweizerisches Bankwesen <Zürich> - 2006
stabilization of the homeowner’s net wealth, price the instruments, and quantify the expected decrease in the mortgage default risk …
Persistent link: https://www.econbiz.de/10005858211
Cover Image
Risk Heterogeneity and Credit Supply: Evidence from the Mortgage Market
Besley, Timothy; Meads, Neil; Surico, Paolo - London School of Economics and Political Science - 2010
This paper uses a unique data set on more than 600,000 mortgagecontracts to estimate a credit supply function which allows for risk-heterogeneity. Non-linearity is modeled using quantile regressions. Wepropose an instrumental variable approach in which changes in the taxtreatment of housing...
Persistent link: https://www.econbiz.de/10009248804
Cover Image
The housing meltdown: Why did it happen in the United States?
Ellis, Luci - Bank für Internationalen Zahlungsausgleich <Basel> - 2008
The crisis enveloping global financial markets since August 2007 was triggered by actual and prospective credit losses on US mortgages. Was the United States just unlucky to have been the first to experience a housing crisis? Or was it inherently more susceptible to one? I examine the limited...
Persistent link: https://www.econbiz.de/10009305060
Cover Image
Optimal Securitization with Heterogeneous Investors
Malamud, Semyon; Rui, Huaxia; Whinston, Andrew B. - Swiss National Centre of Competence in Research North … - 2010
We solve the problem of optimal securitization for an issuer facing heterogeneous investorswith arbitrary time and risk preferences. We show that the optimal securitizationis characterized by multiple nonlinear tranches, and each investor gets a portfolio of thesetranches. In particular, when...
Persistent link: https://www.econbiz.de/10009305109
Cover Image
Credit Supply and the Price of Housing
Favara, Giovanni; Imbs, Jean - National Centre of Competence in Research - Financial … - 2010
We show that since 1994, branching deregulations in the U.S have signi…cantly af-fected the supply of mortgage credit …, and ultimately house prices. With deregulation,the number and volume of originated mortgage loans increase, while denial … rates fall.But the deregulation has no effect on a placebo sample, formed of independent mort-gage companies that should not …
Persistent link: https://www.econbiz.de/10009522189
Cover Image
Is there Market Discipline in the European Insurance Industry? An Analysis of the German Insurance Market
Eling, Martin; Schmit, Joan T. - Institut für Versicherungswirtschaft <Sankt Gallen> - 2008
The financial services industry has undergone significant regulatory change in thepast two decades due to Basel II (banking) and Solvency II (insurance). Even though these promulgations are focused on European institutions, their influenceextends around the globe. An important dimension of this...
Persistent link: https://www.econbiz.de/10005861349
Cover Image
The United States RBC Standards, Solvency II, and the Swiss Solvency Test : A Comparative Assessment
Holzmüller, Ines - Institut für Versicherungswirtschaft <Sankt Gallen> - 2008
Cummins et al. (1994) provide a conceptual framework for policymakers to use in analyzing risk-based capital systems. Based on their framework, this article provides an overview and critical analysis of risk-based capital requirements, with a focus on property/casualty insurance, as implemented...
Persistent link: https://www.econbiz.de/10005861350