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Do Delays in Banks' Loan Loss Provisioning Affect Economic Downturns? Evidence from the U.S. Housing Market
Kim, Sehwa - 2019
I study whether banks' loan loss provisioning contributed to economic downturns by examining the U.S. housing market …. Specifically, I examine the influence of delayed loan loss recognition (DLR) on bank lending and risk-taking in the U.S. mortgage … consumption. These findings suggest banks' loan loss provisioning affected loan supply and risk-taking, exacerbating the economic …
Persistent link: https://www.econbiz.de/10012869492
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Online Appendix for 'Do Delays in Banks’ Loan Loss Provisioning Affect Economic Downturns? Evidence from the U.S. Housing Market'
Kim, Sehwa - 2019
This is an Online Appendix to "Do Delays in Banks' Loan Loss Provisioning Affect Economic Downturns? Evidence from the …
Persistent link: https://www.econbiz.de/10012869487
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Current Expected Credit Loss Standard and Bank Lending Procyclicality : Evidence from the US Housing Market
Chen, Yi-Chun; Lin, Tse-Chun; Yang, Donghe - 2023
The Financial Accounting Standards Board issued the current expected credit loss (CECL) standard, which requires banks …
Persistent link: https://www.econbiz.de/10014351167
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Delays in banks' loan loss provisioning and economic downturns : evidence from the U.S. housing market
Kim, Sehwa - In: Journal of accounting research 60 (2022) 3, pp. 711-754
Persistent link: https://www.econbiz.de/10013191187
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How repayments manipulate our perceptions about loan dynamics after a boom
Adalid, Ramón; Falagiarda, Matteo - 2018
We propose a method to decompose net lending flows into loan origination and repayments. We show that a boom in loan origination is transmitted to repayments with a very long lag, depressing the growth rate of the stock for many periods. In the euro area, repayments of the mortgage loans granted...
Persistent link: https://www.econbiz.de/10011958891
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A Quantitative Analysis of the US Housing and Mortgage Markets and the Foreclosure Crisis
Chatterjee, Satyajit - 2015
The authors construct a quantitative equilibrium model of the housing sector that accounts for the homeownership rate, the average foreclosure rate, and the distribution of home-equity ratios across homeowners prior to the recent boom and bust in the housing market. They analyze the key...
Persistent link: https://www.econbiz.de/10013037736
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A Quantitative Analysis of the U.S. Housing and Mortgage Markets and the Foreclosure Crisis
Chatterjee, Satyajit - 2015
We present a model of long-duration collateralized debt with risk of default. Applied to the housing market, it can match the homeownership rate, the average foreclosure rate, and the lower tail of the distribution of home-equity ratios across homeowners prior to the recent crisis. We stress the...
Persistent link: https://www.econbiz.de/10013025961
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Mortgage default in an estimated model of the U.S. housing market
Lambertini, Luisa; Victoria, Nuguer; Uysal, Pinar - 2017
This paper models the housing sector, mortgages and endogenous default in a DSGE setting with nominal and real rigidities. We use data for the period 1981-2006 to estimate our model using Bayesian techniques. We analyze how an increase in risk in the mortgage market raises the default rate and...
Persistent link: https://www.econbiz.de/10011660977
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Villains or scapegoats? : the role of subprime borrowers in driving the U.S. housing boom
Conklin, James; Frame, W. Scott; Gerardi, Kristopher; … - 2018
An expansion in mortgage credit to subprime borrowers is widely believed to have been a principal driver of the 2002-06 U.S. house price boom. Contrary to this belief, we show that the house price and subprime booms occurred in different places. Counties with the largest home price appreciation...
Persistent link: https://www.econbiz.de/10011895606
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Army of mortgagors : long-run evidence on credit externalities and the housing market
Herbst, Tobias; Kuhn, Moritz; Saidi, Farzad - 2024
Houses are the most important asset on American households' balance sheets, rendering the U.S. economy sensitive to house prices. There is a consensus that credit conditions affect house prices, but to what extent remains controversial, as an expansion in credit supply often coincides with...
Persistent link: https://www.econbiz.de/10014520845