Narrow search
Showing 1 - 10 of 8,532
Cover Image
Credit Fluctuations and 'Neglected Crash Risk' in U.S. Bank Returns
Mihai, Marius - 2019
Using U.S. quarterly data from 1960, the paper studies the interaction between bank stock returns and aggregate credit … fluctuations on a set of economic dimensions. First, I investigate the source of "Neglected Crash Risk" in U.S. bank returns using … bank stock returns by 5%, and their dividend growth by almost 6% over the following year. This variable embeds important …
Persistent link: https://www.econbiz.de/10012861958
Cover Image
Opioid Crisis and Bank Mortgage Lending
Liu, Shiang - 2022
This study examines the effect of the opioid epidemic on bank mortgage lending decisions. We find that mortgage loan …
Persistent link: https://www.econbiz.de/10014077926
Cover Image
Bank loan announcements and borrower stock returns before and during the recent financial crisis
Li, Chunshuo; Ongena, Steven - 2014 - This Draft: March, 2014
The impact of U.S. bank loan announcements on the stock prices of the corporate borrowers has been decreasing during …
Persistent link: https://www.econbiz.de/10010412303
Cover Image
The impact of credit risk mispricing on mortgage lending during the subprime boom
Kahn, James A.; Kay, Benjamin S. - 2019
We provide new evidence that credit supply shifts contributed to the U.S. subprime mortgage boom and bust. We collect original data on both government and private mortgage insurance premiums from 1999-2016, and document that prior to 2008, premiums did not vary across loans with widely different...
Persistent link: https://www.econbiz.de/10012181334
Cover Image
Housing market bubbles and business cycles in an agent-based credit economy
Erlingsson, Einar Jon; Cincotti, Silvano; Stefansson, Hlynur - 2013
In this paper the authors present an agent-based model of a credit network economy. The artificial economy includes different economic agents that interact using simple behavioral rules through various markets, i.e., the consumption goods market, the labor market, the credit market and the...
Persistent link: https://www.econbiz.de/10009751106
Cover Image
Housing market bubbles and business cycles in an agent-based credit economy
Erlingsson, Einar Jon; Teglio, Andrea; Cincotti, Silvano; … - 2014
This paper investigates the housing and mortgage markets by means of an agent-based macroeconomic model of a credit network economy. A set of computational experiments have been carried out in order to explore the effects of different households’ creditworthiness conditions required by banks...
Persistent link: https://www.econbiz.de/10010248859
Cover Image
Supply restrictions, subprime lending and regional US house prices
Anundsen, André Kallåk; Heebøll, Christian - 2015
With regard to the recent US house price cycle, we analyze how the interaction between housing supply restrictions, mortgage credit constraints and a price-to-price feedback loop affects house price volatility. Considering 247 Metropolitan Statistical Areas, we estimate a simultaneous boom-bust...
Persistent link: https://www.econbiz.de/10010488113
Cover Image
Supply restrictions, subprime lending and regional US housing prices
Anundsen, André Kallåk; Heebøll, Christian - 2013
This paper analyzes the recent boom-bust cycle in the US housing market from a regional perspective. Particular attention is paid to supply side restrictions and financial accelerator effects related to subprime lending. Considering 248 Metropolitan Statistical Areas across the entire US, we...
Persistent link: https://www.econbiz.de/10009703502
Cover Image
The Impact of Securitization on the Extension of Subprime Credit
Nadauld, Taylor - 2011
This paper investigates the relationship between securitization activity and the extension of subprime credit. The analysis is motivated by two sets of compelling empirical facts. First, the origination of subprime mortgages exploded between the years 2003-2005. Second, the securitization of...
Persistent link: https://www.econbiz.de/10013118898
Cover Image
Why Did So Many Subprime Borrowers Default During the Crisis : Loose Credit or Plummeting Prices?
Palmer, Christopher - 2015
The surge in subprime mortgage defaults during the Great Recession triggered trillions of dollars of losses in the financial sector and accounted for more than 50% of foreclosures at the height of the crisis. In particular, subprime mortgages originated in 2006-2007 were three times more likely...
Persistent link: https://www.econbiz.de/10013014725