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The world's dream: economic growth : the balance sheet approach

De Koning, Kees - Volkswirtschaftliche Fakultät, … - 2012

single year. For instance the cause of the current crisis was the banker’s shift in action from recovering doubtful mortgage …

Persistent link: https://www.econbiz.de/10011257702

Banks’ Financial Distress, Lending Supply and Consumption Expenditure

Damar, H. Evren; Group, Reint; Mordel, Adi - Bank of Canada - 2014

. Specifically, we show that households whose banks were more exposed to funding shocks report significantly lower levels of non-mortgage …

Persistent link: https://www.econbiz.de/10010762051

Costly Financial Intermediation and Excess Consumption Volatility

Sapci, Ayse - Department of Economics, Colgate University - 2014

This paper documents the cyclical properties of financial intermediation costs and uses their dynamics to explain excess consumption volatility differences across countries in a dynamic stochastic general equilibrium (DSGE) framework. I find that financial development levels have no role in...

Persistent link: https://www.econbiz.de/10010781470

Household Debt: Facts, Puzzles, Theories, and Policies

Zinman, Jonathan - National Bureau of Economic Research (NBER) - 2014

Borrowing decisions affect most households, with large stakes and implications for subfields as varied as macroeconomics and industrial organization. I review theoretical and empirical work on household debt: its prevalence, level, growth, and composition, as well as various measures of consumer...

Persistent link: https://www.econbiz.de/10010951247

Bank's financial distress, lending supply and consumption expenditure

Damar, H. Evren; Gropp, Reint; Mordel, Adi - Research Center SAFE (Sustainable Architecture for … - 2013

. Specifically, we show that households whose banks were more exposed to funding shocks report significantly lower levels of non-mortgage …

Persistent link: https://www.econbiz.de/10010955127

About the soundness of the US-cay indicator for predicting international banking crises

Nitschka, Thomas - In: The North American Journal of Economics and Finance 22 (2011) 3, pp. 237-256

This paper shows that a macroeconomically founded predictor of global stock market returns, the short-run variation in the trivariate approximation of the U.S. consumption and aggregate wealth ratio (cay), is a useful indicator of international banking crises for the time period from 1970 to...

Persistent link: https://www.econbiz.de/10010577757

Reverse mortgage loans: a quantitative analysis

Nakajima, Makoto; Telyukova, Irina A. - Federal Reserve Bank of Philadelphia - 2014

Supersedes Working Paper 13-27. Reverse mortgage loans (RMLs) allow older homeowners to borrow against housing wealth …

Persistent link: https://www.econbiz.de/10010930296

Stress Testing of Probability of Default of Individuals

Kadeřábek, Petr; Slabý, Aleš; Vodička, Josef - Institut ekonomických studií, Univerzita Karlova v Praze - 2008

This paper introduces a model for stress testing of probability of default of individuals. The model rests on assumption that the individual defaults if his savings fall below zero. The probability of default is then described as a function of several macroeconomic indicators such as wages,...

Persistent link: https://www.econbiz.de/10005808661

Stress testing of probability of default of individuals

Kadeřábek, Petr; Slabý, Aleš; Vodička, Josef - In: Prague Economic Papers 2008 (2008) 4, pp. 340-355

Persistent link: https://www.econbiz.de/10005256889

The effect on competition of banking sector consolidation following the financial crisis of 2008

Pérez Montes, Carlos - In: Journal of Banking & Finance 43 (2014) C, pp. 124-136

mortgage market. I estimate a mixed-logit model of mortgage demand and recover bank-level cost information with a strategic … with small variations in mortgage rates and market shares, staying far from collusive levels. This moderate change in … industry conduct implies a small direct effect of consolidation on bank exposures to mortgage risk. …

Persistent link: https://www.econbiz.de/10010777131