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centuries. A mortgage allowed a loan to be secured with land or other property, and the practice has been linked to the … transformation of the agrarian economy that paved the way for modern economic growth. Historians have viewed the mortgage both … variety of forms that the mortgage took, and show how an intricate balance was struck between the interests of the borrower …
Persistent link: https://www.econbiz.de/10011786145
We experimentally investigate the relevance of (asymmetric) outside options in ultimatum bargaining. Building on the generalized equity principle formulated by Selten (1978) we derive three different equity rules. These equity rules can explain 43% of all o ers. Our within-subject design allows...
Persistent link: https://www.econbiz.de/10010338950
We develop a theoretical model of mortgage loss rates that evaluates their main underlying risk factors. Following the … mortgage loss rates. In addition, we show potential applications of the model for different macroprudential instruments: stress …
Persistent link: https://www.econbiz.de/10010489294
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the crisis; (2) house price assessment; (3) housing booms and busts; and (4) property, credit and markets. …
Persistent link: https://www.econbiz.de/10009535892
We model mortgage refinancing as a bargaining game involving the borrowing household, the incumbent lender, and an … correlated with the number of local branches and negatively correlated with local mortgage market concentration. Moreover … mitigated if their current mortgage lender has a branch locally. …
Persistent link: https://www.econbiz.de/10013443725
cycle. With forward-looking banks, lending cycles, credit booms and busts, or suppressed and highly fragile bank systems can …-taking without fully hampering credit intermediation. …
Persistent link: https://www.econbiz.de/10010341626
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