What impact do past experiences have on the expectation formation of banks? This article analyses the risk management … the likelihood of credit defaults and forced banks to implement new strategies of risk assessment. The Herstatt failure of … 1974 triggered a series of new regulations, partly based on initiatives of the banks themselves. After the sovereign debt …

supply conditions, interact with expectations-driven housing market fluctuations. …We combine a standard stock-flow housing market model, incorporating explicit relationships between house prices, the … housing stock, and the rent level, with a parsimonious expectation formation scheme of housing market investors, reflecting an …

supply conditions, interact with expectations-driven housing market fluctuations …We combine a standard stock-flow housing market model, incorporating explicit relationships between house prices, the … housing stock, and the rent level, with a parsimonious expectation formation scheme of housing market investors, reflecting an …

housing market conditions shape the term structure of rental supply. Using unique contract-level data between landlords …Housing decisions depend critically on the supply of long-term rental housing, yet surprisingly few studies examine the … determinants of this supply. Based on term structure theories of asset prices and extrapolative beliefs, we hypothesize that …