We evaluate the impact of mortgage regulation on credit volumes, household balance sheets and the reaction to adverse … information from official tax records, we identify causal effects of mortgage loan-to-value (LTV) limits. Our results show that … the house purchase, suggesting that the impact on financial vulnerability at the household level is in fact ambiguous. We …

During the first decade of the 21st century, household FX loans spread in numerous countries in Central and Eastern …. Disregarding countries that joined the euro area, Hungary was the only state where household FX loans were completely phased out … about the causes and the impact of unsecured FX lending in the household sector and analyses the phasing-out of the …

between household debt levels, financial stability risks, and the ongoing implications of the ‘debt overhang’ for economic … growth. However, accurately measuring the household debt burden remains problematic. Aggregate measures of household … indebtedness (e.?g. household liabilities relative to income) fail to fully capture the debt servicing burdens of households …

This paper studies the consumption response to an increase in the domestic value of foreign currency household debt … with nonhomothetic preferences and "flight from quality." We find no effect on overall household labor supply, consistent …

How do households adjust to a large debt shock? This paper studies household responses to a revaluation of foreign … currency household debt during a large depreciation in Hungary. Relative to similar local currency debtors, foreign currency …

In The Mortgage Crisis, a PowerPoint presentation, tipping points and enabling trends are identified which, in the … author's opinion, played key roles leading to the housing boom and the subsequent mortgage crisis, which eventually spread to … rating agencies to properly assess risks of default of subprime mortgage loans and mortgage-backed structured notes. Another …

analyze therelationship between household debt (in the form of bank loans) and economic perfor-mance (in terms of aggregate …

conditions required by the banking system to grant a mortgage. The authors find that easier access to credit inflates housing … household mortgages, and thus higher levels of credit, the artificial economy becomes more unstable and prone to recessions … credit sector and on the real economy. With stricter conditions on household mortgages the economy is more stable and does …

This paper investigates the housing and mortgage markets by means of an agent-based macroeconomic model of a credit … households’ creditworthiness conditions required by banks in order to grant a mortgage. Results show that easier access to credit …