important determinant of the contraction of credit in the mortgage market, but as separate from the precipitous fall in credit … to liquidity risk contracted their supply of credit more sharply. I contribute to the identification of this effect by … relying on the use of micro-level data on US mortgage loan applications, which allows me to identify liquidity risk as an …

attention is paid to the challenges that the real estate market and mortgage loans have been facing during the crisis caused by …

conditions required by the banking system to grant a mortgage. The authors find that easier access to credit inflates housing …In this paper the authors present an agent-based model of a credit network economy. The artificial economy includes … market, the labor market, the credit market and the housing market. A set of computational experiments, based on numerical …