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Monetary policy normalisation and mortgage arrears in a recovering economy : the case of the Irish residential market

Slaymaker, Rachel; O'Toole, Conor; McQuinn, Kieran; … - 2019

In this paper we examine the sensitivity of mortgage arrears for Irish households to changes in mortgage interest rates … information on current income and current mortgage repayments to link arrears to the level of, as well as shocks in, households … and those on tracker mortgage rate loans are most at risk following rate rises. This has important consequences for the …

Persistent link: https://www.econbiz.de/10011986617

Monetary policy and real estate price distortions : how bank lending amplifies housing market imbalances

Baye, Vera; Dinger, Valeriya - 2025

We empirically document deviations of residential real estate prices from fundamental values at the micro level and investigate their relationship with local bank lending growth during a period of unconventional monetary policy. Our findings indicate a positive relationship between credit growth...

Persistent link: https://www.econbiz.de/10015397364

The interaction of mortgage credit and housing prices in the US

Lindner, Fabian - 2014

This paper looks at the relation between mortgage credit and housing values. It has become conventional wisdom in … tested as of yet. The paper uses the Johansen procedure to estimate a long run relationship between mortgage credit and … different housing price variables are estimated. It is found that mortgage credit is weakly exogenous. Impulse …

Persistent link: https://www.econbiz.de/10010349918

Monetary policy and housing loan default

Castillo Rico, Barbara; Overton, George - 2020

Persistent link: https://www.econbiz.de/10012290003

TAF effect on liquidity risk exposure

Puddu, Stefano; Waelchli, Andreas - 2015

Using a unique bank-level dataset, we assess the impact of the Term Auction Facility program on bank liquidity risk. The change in the US housing price index at state levels between 2002:Q1 and 2006:Q3 is the exclusion restriction to control for potential selection bias. On average, TAF banks...

Persistent link: https://www.econbiz.de/10011410417

U.S. Bank Fragility to Credit Risk in 2023 : Monetary Tightening and Commercial Real Estate Distress

Jiang, Erica Xuewei; Matvos, Gregor; Piskorski, Tomasz; … - 2023

Jiang et al. (2023) find that following recent monetary tightening the U.S. banking system’s market value of assets is $2.2 trillion lower than suggested by their book value, accounting for loan portfolios held to maturity. We illustrate that this decline in banks’ asset values has eroded...

Persistent link: https://www.econbiz.de/10014351136

Monetary Policy, Housing, and Collateral Constraints

Franz, Thorsten - 2019

decisively on prevailing loan-to-value (LTV) ratios in mortgage markets with borrowing constrained households. Utilizing a smooth … housing sector in times of high LTV ratios, which, through changes in mortgage lending and mortgage equity withdrawals (MEWs …

Persistent link: https://www.econbiz.de/10012893246

Monetary Policy, Housing, and Collateral Constraints

Franz, Thorsten - 2019

Persistent link: https://www.econbiz.de/10012900579

Real estate market evolution and monetary policy in Kazakhstan

Ybrayev, Zhandos; Becker, Charles M. - 2019

This paper considers the link between macroeconomic policy and housing demand in an upper middle-income transition economy, Kazakhstan. The paper further explores price cointegration and contagion across cities. We find evidence that some parts of the housing market lead others but that,...

Persistent link: https://www.econbiz.de/10012125724

TLTRO III and banks' loan book rebalancing during the pandemic : less "targeted" than intended forsome?

Corte Coi, Claudio; Dadoukis, Aristeidis; Hempell, Hannah S. - 2025

course of the COVID-19 pandemic. The use of TLTRO funding for mortgage loans to households had explicitly not been included …

Persistent link: https://www.econbiz.de/10015339713