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Do Delays in Banks' Loan Loss Provisioning Affect Economic Downturns? Evidence from the U.S. Housing Market
Kim, Sehwa - 2019
I study whether banks' loan loss provisioning contributed to economic downturns by examining the U.S. housing market …. Specifically, I examine the influence of delayed loan loss recognition (DLR) on bank lending and risk-taking in the U.S. mortgage … consumption. These findings suggest banks' loan loss provisioning affected loan supply and risk-taking, exacerbating the economic …
Persistent link: https://www.econbiz.de/10012869492
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Online Appendix for 'Do Delays in Banks’ Loan Loss Provisioning Affect Economic Downturns? Evidence from the U.S. Housing Market'
Kim, Sehwa - 2019
This is an Online Appendix to "Do Delays in Banks' Loan Loss Provisioning Affect Economic Downturns? Evidence from the …
Persistent link: https://www.econbiz.de/10012869487
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Current Expected Credit Loss Standard and Bank Lending Procyclicality : Evidence from the US Housing Market
Chen, Yi-Chun; Lin, Tse-Chun; Yang, Donghe - 2023
The Financial Accounting Standards Board issued the current expected credit loss (CECL) standard, which requires banks …
Persistent link: https://www.econbiz.de/10014351167
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Delays in banks' loan loss provisioning and economic downturns : evidence from the U.S. housing market
Kim, Sehwa - In: Journal of accounting research 60 (2022) 3, pp. 711-754
Persistent link: https://www.econbiz.de/10013191187
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A Quantitative Analysis of the U.S. Housing and Mortgage Markets and the Foreclosure Crisis
Chatterjee, Satyajit - 2015
We present a model of long-duration collateralized debt with risk of default. Applied to the housing market, it can match the homeownership rate, the average foreclosure rate, and the lower tail of the distribution of home-equity ratios across homeowners prior to the recent crisis. We stress the...
Persistent link: https://www.econbiz.de/10013025961
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A Quantitative Analysis of the US Housing and Mortgage Markets and the Foreclosure Crisis
Chatterjee, Satyajit - 2015
The authors construct a quantitative equilibrium model of the housing sector that accounts for the homeownership rate, the average foreclosure rate, and the distribution of home-equity ratios across homeowners prior to the recent boom and bust in the housing market. They analyze the key...
Persistent link: https://www.econbiz.de/10013037736
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Mortgage default in an estimated model of the U.S. housing market
Lambertini, Luisa; Victoria, Nuguer; Uysal, Pinar - 2017
This paper models the housing sector, mortgages and endogenous default in a DSGE setting with nominal and real rigidities. We use data for the period 1981-2006 to estimate our model using Bayesian techniques. We analyze how an increase in risk in the mortgage market raises the default rate and...
Persistent link: https://www.econbiz.de/10011660977
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Do loan officers' incentives lead to lax lending standards?
Agarwal, Sumit; Ben-David, Itzhak - 2012
We study a controlled experiment in which a bank's loan officers were incentivized based on originated loan volume to encourage prospecting for new business. While treated loan officers did attract new applications, both extensive and intensive margins of loan origination expanded ( 31% new...
Persistent link: https://www.econbiz.de/10009625941
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US Bank Credit Spreads During the Financial Crisis
Spencer, Peter - 2017
This paper argues that first passage time models are likely to better than affine hazard rate models in modelling stressed credit markets and confirms their superior performance in explaining the behavior of Credit Default Swap rates for the major US banking groups over the period of the...
Persistent link: https://www.econbiz.de/10012954808
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Loan Sales and Bank Liquidity Risk Management : Evidence from a U.S. Credit Register
Irani, Rustom M. - 2015
We examine the impact of banks' liquidity risk management on secondary loan sales. We track the dynamics of bank loan share ownership in the secondary market using data from the Shared National Credit Program, a credit register of syndicated bank loans administered by U.S. regulators. We analyze...
Persistent link: https://www.econbiz.de/10013028630