Showing 1 - 10 of 866
Persistent link: https://www.econbiz.de/10000074248
Persistent link: https://www.econbiz.de/10003773903
Persistent link: https://www.econbiz.de/10003476393
Persistent link: https://www.econbiz.de/10009302340
Persistent link: https://www.econbiz.de/10010509456
. Following an epidemiological concept, we define foreclosure contagion as an increase in neighborhood foreclosures that spreads … over time from neighborhood to adjoining neighborhoods. In addition, we define foreclosure hotspots as areas with high … values of foreclosures that are surrounded by areas with high foreclosure levels. The purpose is to identify the evolution of …
Persistent link: https://www.econbiz.de/10013136969
We provide evidence that lenders differ in their ex post incentives to internalize price-default externalities associated with the liquidation of collateralized debt. Using the mortgage market as a laboratory, we conjecture that lenders with a large share of outstanding mortgages on their...
Persistent link: https://www.econbiz.de/10012973542
Persistent link: https://www.econbiz.de/10012414415
Persistent link: https://www.econbiz.de/10011738596
This paper studies equilibrium unemployment in a two-region economy with matching frictions, where workers and jobs are free to move and wages are bargained over. Job-seekers choose between searching locally or searching in both regions. Search-matching externalities are amplified by the latter...
Persistent link: https://www.econbiz.de/10010515473