Similar Search Results

Local versus aggregate lending channels : the effects of securitization on corporate credit supply

Jiménez Zambrano, Gabriel; Mian, Atif; Peydró, José Luis - 2011

Mientras que los bancos pueden cambiar su oferta de crédito tras sufrir shocks que afectan a sus balances (el canal local del préstamo), las empresas pueden reaccionar ajustando sus fuentes de financiación en equilibrio (el canal agregado del préstamo). En este papel proporcionamos una...

Persistent link: https://www.econbiz.de/10012530342

Regulatory developments in bank solvency, recovery and resolvability

Colomer, Igancio; González Losantos, Sara; López …

Artículo de revista ; Most of the amendments to prudential and resolution legislation introduced in the European Union (EU) in 2019 have already been implemented for credit institutions over the course of 2021. These include a broad set of measures aimed at reducing risks in the banking sector,...

Persistent link: https://www.econbiz.de/10013210158

The first ten years of the European Systemic Risk Board (2011-2021)

Gutiérrez de Rozas, Luis

responsible for the macroprudential oversight of risks to the stability of the European Union financial system. In its first … macroprudential tools incorporated into European Union banking legislation, the euro area sovereign debt crisis, the United Kingdom … objectives, helping identify and analyse systemic risks and vulnerabilities and advise on and coordinate national macroprudential …

Persistent link: https://www.econbiz.de/10013342629

The long-term causal effects of winning an ERC grant

Ghirelli, Corinna; Havari, Enkelejda; Meroni, Elena; …

El objetivo de este documento es investigar los efectos causales a largo plazo de la concesión de una beca del Consejo Europeo de Investigación (ERC, por sus siglas en inglés) en la productividad de los investigadores, en la excelencia de su trabajo y en su capacidad para obtener nuevas becas...

Persistent link: https://www.econbiz.de/10014569521

A Regime Shift Model of the Recent Housing Bubble in the United States

Van Order, Robert - 2006

It has been widely assumed that there was a bubble in the U.S. housing market after1999.This paper analyzes the extent to which that was true. We define a bubble as: (1) a regime shift that is characterized by a change in the properties of deviations from the fundamentals of house price growth,...

Persistent link: https://www.econbiz.de/10009476926

Real Convergence, Price Level Convergence and Inflation Differentials in Europe

Egert, Balazs - 2007

This paper provides a comprehensive review of the factors that can cause price levels to diverge and which are at the root of different inflation rates in Europe including the EU-27. Among others, we study the structural and cyclical factors influencing market and non-marketbased service, house...

Persistent link: https://www.econbiz.de/10009477386

Modelling regional housing prices in Spain

Álvarez Román, Laura; García-Posada, Miguel - 2019

We estimate the long-run relationship between real housing prices of new dwellings and their fundamentals in a panel of the 50 Spanish provinces between 1985 and 2018. We fi nd acointegrating relationship between real house prices and per capita real income, unemployment rate and demographic...

Persistent link: https://www.econbiz.de/10012523680

Foreign investment in the residential real estate market in Spain between 2007 and 2019

Álvarez Román, Laura; Blanco Escolar, Roberto; …

Artículo de revista ; This article analyses changes in investment by foreigners in the residential real estate market in Spain between 2007 and 2019. Two indicators are used for this purpose: gross purchases by foreigners as a percentage of total transactions and net purchases (purchases less...

Persistent link: https://www.econbiz.de/10012524817

Recent developments in real estate investment trusts in Spain

García-Vaquero Álvaro, Víctor; Roibás Millán, Irene

Artículo de revista ; Real estate investment trusts in Spain (SOCIMIs by their Spanish abbreviation) are instruments for investing in real estate assets which were regulated for the first time in Spain in 2009. They have grown rapidly in recent years to reach a relative size, approximated by...

Persistent link: https://www.econbiz.de/10012525039

House prices and real interest rates in Spain

Ayuso Huertas, Juan; Blanco Escolar, Roberto; Restoy … - 2006

This paper analyses the contribution of interest rates to explain recent house price developments in Spain trying to reconcile different pieces of evidence. On the one hand, empirical evidence supports the view that interest rates are a key variable to explain house price developments. As a...

Persistent link: https://www.econbiz.de/10012529523