crisis affect their corporate lending in Germany. Using unique bank-level exposure data, we distinguish between three … different types of bank exposures, i.e. direct exposure to the US real estate sector, direct exposure to subprime lenders in the … the US real estate sector and to conduits cut their lending to German firms by more following a decrease in US home prices …

An expansion in mortgage credit to subprime borrowers is widely believed to have been a principal driver of the 2002 … purchase mortgages to subprime borrowers. We also document that the expansion in speculative mortgage products and underwriting …-06 U.S. house price boom. Contrary to this belief, we show that the house price and subprime booms occurred in different …

-service-to-income ratios, in affecting developments in house prices and credit. We use data on 99 lending standard restrictions implemented in …This paper assesses the effectiveness of lending restriction measures, such as loan-to-value and debt … 28 EU countries over 1990-2018. The results suggest that lending restriction measures are generally effective in curbing …

We develop a new instrument to analyze how exogenous changes in mortgage rates affect house values. Our instrument …