conditions required by the banking system to grant a mortgage. The authors find that easier access to credit inflates housing …In this paper the authors present an agent-based model of a credit network economy. The artificial economy includes … market, the labor market, the credit market and the housing market. A set of computational experiments, based on numerical …

This paper investigates the housing and mortgage markets by means of an agent-based macroeconomic model of a credit … households’ creditworthiness conditions required by banks in order to grant a mortgage. Results show that easier access to credit …

lending in the sense that some socially productive firms are denied credit due to excessively high interest rate. …

Current empirical methods to identify and assess the impact of bank credit supply shocks rely strictly on multi … economy and most prone to credit supply shocks. We propose and underpin an alternative demand control (using industry …-location-size-time fixed effects) that allows identifying timevarying cross-sectional bank credit supply shocks using both single- and multi …

find that: bond finance dampens the overall response of firm credit to monetary policy shocks in economies with a high …

We provide a micro-empirical link between the large literature on credit and house prices and the burgeoning literature … measure of credit availability which varies at the borrower level as a function of income, wealth, age, interest rates and …). We deploy a property-level house price model which shows that a ten per cent increase in credit available leads to an 1 …

Due to the significant share of mortgage loans in the portfolio structure of a large number of commercial banks … that deals with the causes of non-performance of mortgage loans and the impact of lending standards on reducing systemic …

that a mortgage modification program aimed at limiting foreclosures that fails to take into account private debt …

financial institution foreclosure activities. This is one of many proposed directives for addressing the current mortgage …

This paper investigates the impact of recourse on the workout process of portfolio commercial mortgage loans. A … generalized model of mortgage workout with stochastic property value appreciation is developed and closed form expressions are … derived for the relations between recourse and credit spreads. We find that the recourse provision is effective in offsetting …