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Do Loan-To-Value and Debt-To-Income Limits Work? : Evidence From Korea

Igan, Deniz - 2011

With another real estate boom-bust bringing woes to the world economy, a quest for a better policy toolkit to deal with these boom-busts has begun. Macroprudential measures could be in such a toolkit. Yet, we know very little about their impact. This paper takes a step to fill this gap by...

Persistent link: https://www.econbiz.de/10014397169

Foreclosure Mitigation Efforts in the United States : Approaches and Challenges

Klyuev, Vladimir - 2009

projected to go even higher. While most of the time a foreclosure is a suboptimal resolution of a distressed mortgage, a number … of features of the mortgage finance system often prevent loan modifications. This paper reviews the impediments to … successful mortgage restructuring and proposes a number of ways to improve the situation. The proposals build on the recognition …

Persistent link: https://www.econbiz.de/10014399151

Global Housing Cycles

Igan, Deniz - 2012

Housing cycles and their impact on the financial system and the macroeconomy have become the center of attention following the global financial crisis. This paper documents the characteristics of housing cycles in a large set of countries, and examines the determinants of house price movements....

Persistent link: https://www.econbiz.de/10014395703

The Role of Affordable Mortgages in Improving Living Standards and Stimulating Growth : A Survey of Selected Mena Countries

Nothaft, Frank E. - 2002

This paper argues that making affordable home mortgage loans available to a large cross section of the population will … and mortgage markets in selected Middle East and North Africa (MENA) countries (Algeria, Egypt, Jordan, Morocco, and … growth of alleviating housing shortages by improving access to mortgage financing …

Persistent link: https://www.econbiz.de/10014400057

Mortgage Market Development, Savings, and Growth

Li, Xiaowei - 2001

Jappelli and Pagano (1994) argues that tightening the borrowing constraints in the mortgage markets promotes savings … savings and growth rates to fall. Therefore, for countries with scarce mortgage availability like those in the Middle East …, expanding the mortgage markets to some extent is conducive to savings and growth …

Persistent link: https://www.econbiz.de/10014403815

Credit Booms and Lending Standards : Evidence From the Subprime Mortgage Market

Dell'Ariccia, Giovanni - 2008

This paper links the current sub-prime mortgage crisis to a decline in lending standards associated with the rapid … declines in lending standards by incumbent banks. Finally, lending standards declined more in areas with higher mortgage …

Persistent link: https://www.econbiz.de/10014409025

Real Effects of the Subprime Mortgage Crisis : Is it a Demand or a Finance Shock?

Tong, Hui - 2008

We develop a methodology to study how the subprime crisis spills over to the real economy. Does it manifest itself primarily through reducing consumer demand or through tightening liquidity constraint on non-financial firms? Since most non-financial firms have much larger cash holding than...

Persistent link: https://www.econbiz.de/10014409046

Transmission of Liquidity Shocks : Evidence from the 2007 Subprime Crisis

Hesse, Heiko - 2008

We examine the linkages between market and funding liquidity pressures, as well as their interaction with solvency issues surrounding key financial institutions during the 2007 subprime crisis. A multivariate GARCH model is estimated in order to test for the transmission of liquidity shocks...

Persistent link: https://www.econbiz.de/10014409053

Commercial Real Estate and Financial Stability : Evidence from the US Banking Sector

Fendoglu, Salih - 2021

This note analyzes the implications of changes in commercial real estate (CRE) prices for the stability of the US banking sector. Using detailed bank-level and CRE price data for US metropolitan statistical areas, the analysis shows that, following a decline in CRE prices, banks with greater...

Persistent link: https://www.econbiz.de/10014410803

Bubbly booms and welfare

Dong, Feng; Jiao, Yang; Sun, Haoning - In: Review of economic dynamics : the official journal of … 53 (2024), pp. 71-122

Persistent link: https://www.econbiz.de/10014566402