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relate it to cross-country differences in mortgage market maturity. We find that aside from Italy, homeownership rates and … inequality in the four countries correspond to their mortgage take up rates and its distribution across income, reflecting the … different degree of development of their respective mortgage markets. In Italy, alternative ways of financing, such as family …
Persistent link: https://www.econbiz.de/10014219952
relate it to cross-country differences in mortgage market maturity. We find that aside from Italy, homeownership rates and … inequality in the four countries correspond to their mortgage take up rates and its distribution across income, reflecting the … different degree of development of their respective mortgage markets. In Italy, alternative ways of financing, such as family …
Persistent link: https://www.econbiz.de/10011631928
debt. It estimates a random effects probit model for the probability of households having mortgage payment problems. It is … ratios and having a heavy burden of unsecured debt are all associated with a significantly higher probability of mortgage … lower probability of mortgage payment problems. The only non-household-specific variable to have a significant effect is …
Persistent link: https://www.econbiz.de/10014060307
I develop a structural model of mortgage demand and lender competition to study how leverage regulation affects the … equilibrium in the UK mortgage market. Using variation in risk-weighted capital requirements across lenders and across mortgages … increases the interest rate by 10 percent for the average mortgage product. The estimated model implies that heterogeneous …
Persistent link: https://www.econbiz.de/10012911375
The banking sector in the United Kingdom (UK) was deeply affected by the crisis. Bank credit has collapsed reflecting both weak demand and tighter supply. New prudential requirements have improved the resilience of the banking sector and a number of measures were taken to support credit supply....
Persistent link: https://www.econbiz.de/10011399564
To identify and quantify downside risks to housing markets, we apply the house price-at-risk methodology to a sample of 37 cities across the United States and Canada using quarterly data from 1983 to 2018. This paper finds that downside risks to housing markets in the United States have...
Persistent link: https://www.econbiz.de/10012836538
relate it to cross-country differences in mortgage market maturity. We find that aside from Italy, homeownership rates and … inequality in the four countries correspond to their mortgage take up rates and its distribution across income, reflecting the … different degree of development of their respective mortgage markets. In Italy, alternative ways of financing, such as family …
Persistent link: https://www.econbiz.de/10003726010
mortgage and unsecured credit markets to assess the impact of this reform on the severity of the housing crisis during the … Great Recession. We find that while this reform increased the relative attractiveness of mortgage default, its impact on the … housing market during the crisis was largely mitigated by general equilibrium effects on mortgage lending standards. Allowing …
Persistent link: https://www.econbiz.de/10013037228
We analyze the risk premium on bank bonds at origination with a special focus on the role of implicit and explicit public guarantees and the systemic relevance of the issuing institutions. By looking at the asset swap spread on 5,500 bonds, we find that explicit guarantees and sovereign...
Persistent link: https://www.econbiz.de/10010343421
I analyze the risk premium on bank bonds at origination with special focus on the role of implicit and explicit public guarantees and the systemic relevance of issuing institutions. Looking at the asset swap spread on 5,500 bonds, I find that explicit guarantees and sovereign creditworthiness...
Persistent link: https://www.econbiz.de/10013043975