The Danish financial sector is big and there is a high degree of inter-connectedness between banks, mortgage …

data from a major Danish bank. We examine the behavior of borrowers with adjustable rate mortgages, and exploit that the … bank sends a letter before the annual reset containing advance information on the expected change in mortgage payments. We …

the main mortgage. Second, we examine the role of legal and economic institutions in accounting for these differences. We … youngest group of households borrow lower amounts (conditional on borrowing), and the mortgage interest rates paid by low …-income households are higher. Regulatory loan-to-value ratios, the taxation of mortgages and the prevalence of interest-only or fixed …

the main mortgage. Second, we examine the role of legal and economic institutions in accounting for these differences. We … youngest group of households borrow lower amounts (conditional on borrowing), and the mortgage interest rates paid by low …-income households are higher. Regulatory loan-to-value ratios, the taxation of mortgages and the prevalence of interest-only or fixed …

the main mortgage. Second, we examine the role of legal and economic institutions in accounting for these differences. We … of households borrow lower amounts (conditional on borrowing), and the mortgage interest rates paid by low …-income households are higher. Regulatory loan-to-value ratios, the taxation of mortgages and the prevalence of interest-only or fixed …

the main mortgage. Second, we examine the role of legal and economic institutions in accounting for these differences. We … youngest group of households borrow lower amounts (conditional on borrowing), and the mortgage interest rates paid by low …-income households are higher. Regulatory loan-to-value ratios, the taxation of mortgages and the prevalence of interest-only or fixed …

interest rates of short-term fixed-rate mortgages (the dominant product in Canada's mortgage market) have to be reset according …We study the causal effect of mortgage rate changes on consumer spending, debt repayment, and defaults during an … variation in the timing of mortgage rate resets. We find asymmetric responses of consumer durable spending, deleveraging, and …