One reason for the recent asset price bubbles in many developed countries could be regulatory capital arbitrage. Regulatory and legal changes can help traditional banks to move their assets off their balance sheets into the lightly regulated shadows and thus enable regulatory arbitrage through...

Shifts in credit supply could have a bearing on house prices e.g. through financial innovations and changes in regulation independently of the existence of a bank lending channel of monetary policy. This paper assesses the responses of US house prices to an exogenous credit supply shock and...

Purpose: This study aims to examine the housing outcomes of natives and multiple generations of non-natives using a longitudinal survey data in Britain. Design/methodology/approach: The authors use longitudinal data from Britain, in which they can observe multiple generations of immigrants and...