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Are all forms of financial integration equally risky in times of financial turmoil? : asset price contagion during the global financial crisis
Ahrend, Rudiger; Goujard, Antoine - 2012
Using the 2008-09 global financial crisis, this paper examines the role of different forms of international financial integration for asset price contagion in crisis times. Defining contagion as the transmission of financial market movements beyond the co-movements that would occur in...
Persistent link: https://www.econbiz.de/10009691012
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Deconstructing Canada's housing markets : finance, affordability urban sprawl
Cheung, Calista - 2014
government backing of the mortgage market. Nonetheless, the dominance of the crown corporation CMHC in the mortgage insurance … market concentrates a significant amount of risk in public finances. Improving competitive conditions in the mortgage …
Persistent link: https://www.econbiz.de/10010464985
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Changes in the regulation and control of mortgage markets and access to owner-occupation among younger households
Whitehead, Christine M. E.; Williams, Peter - 2017
of changes in mortgage market regulation and control. It sets out the factors determining the demand for and supply of … subset of countries with mature mortgage markets that are known to face relevant issues and for which data are more readily …
Persistent link: https://www.econbiz.de/10011695086
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Housing, wealth accumulation and wealth distribution : evidence and stylized facts
Causa, Orsetta; Woloszko, Nicolas; Leite, David - 2019
socio-economic groups? What is the impact of mortgage debt on access to homeownership and wealth accumulation, and on debt …This paper produces new evidence and stylised facts on housing, wealth accumulation and wealth distribution, relying on … an in-depth analysis of micro-based data on household wealth across OECD countries. The analysis addresses several …
Persistent link: https://www.econbiz.de/10012202943
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The benefits and costs of highly expansionary monetary policy
Rawdanowicz, Łukasz; Bouis, Romain; Watanabe, Shingo - 2013
How far to go – and to remain – in the direction of highly expansionary monetary policy hinges on the balance of marginal benefits and costs of additional monetary easing and its expected evolution over time. This paper sketches a framework for assessing this balance and applies it to four...
Persistent link: https://www.econbiz.de/10010231107
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Credit mediation for SMEs
Cusmano, Lucia - 2018
In the wake of the 2008-09 financial crisis, a number of European OECD countries introduced credit mediation schemes, as a new, often temporary mechanism to help ease access to finance by SMEs. This report investigates the nature of credit mediation and credit review schemes implemented in...
Persistent link: https://www.econbiz.de/10011876995
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Drivers of systemic banking crises : the role of bank-balance-sheet contagion and financial account structure
Ahrend, Rudiger; Goujard, Antoine - 2012
Persistent link: https://www.econbiz.de/10009689388
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Spillover effects from exiting highly expansionary monetary policies
Rawdanowicz, Łukasz; Bouis, Romain; Brezillon, Jérôme; … - 2014
, would contribute to a balanced US recovery and have a benign impact on the rest of the world. However, a rapid rise in bond …
Persistent link: https://www.econbiz.de/10010374407
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Credit crises and the shortcomings of traditional policy responses
White, William R. - 2012
Economic downturns which have their roots in preceding credit excesses and debt overhang have tended historically to be long lasting, whether the financial sector remained healthy or not. There are no good reasons to believe the current global crisis will be any different. Moreover, it is argued...
Persistent link: https://www.econbiz.de/10009690999