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House prices in Europe have shown diverging trends, and this paper seeks to explain these differences by analyzing three groups of countries: the "fast lane", the average performers, and the slow movers. Price movements in the first two groups are found to be driven mostly by income and trends...
Persistent link: https://www.econbiz.de/10005826322
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Klyuev (2008) concluded that the Canadian market for housing finance is highly advanced and sophisticated, but financing options were somewhat limited, particularly at terms longer than five years. This paper argues that the paucity of longer-term loans is caused by a five-year maturity cap on...
Persistent link: https://www.econbiz.de/10008528667
prices by 10?30 percent could add another 4 ppt to distressed debt. Ongoing transition to amortizing mortgages in 2008 …
Persistent link: https://www.econbiz.de/10005769235
illustrating that market structure, government sponsorship, and the characteristics of the mortgages securitized are all important … enhancements needed in the private sector. Using our simulation model, we demonstrate that when mortgages eligible for purchase by … the GSEs have characteristics similar to other mortgages, then implicit government backing generates differences in …
Persistent link: https://www.econbiz.de/10005394027
originators. The securitizer sets the price at which it will purchase mortgages and the credit score standard that qualifies a …
Persistent link: https://www.econbiz.de/10005721145
The staff report for the 2007 Article IV Consultation highlights the Slovak Republic’s macroeconomic outlook and policy discussions. The National Bank of Slovakia (NBS) has been following a hybrid monetary framework focused on restraining inflation and on maintaining the exchange rate...
Persistent link: https://www.econbiz.de/10011244946
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