Showing 1 - 10 of 26,210
Rural homeownership is promoted in the United States by mortgage insurance programs administered by the federal government. We analyze the choice between assistance offered by two such agencies: the Federal Housing Administration and the Rural Housing Service. We find applicants are sensitive to...
Persistent link: https://www.econbiz.de/10012954250
Lenders' access to soft information on appraisal inflation could lead to adverse selection in private mortgage securitization. Combining a nationwide mortgage data with a real estate transaction data and using a difference-in-differences empirical design, we document that securitized refinance...
Persistent link: https://www.econbiz.de/10012827699
The demographic change underway, declining adequacy levels from traditional pay-as-you-go old-age social security systems, structural reforms in pension schemes and the reduction in the traditional family support have increased the need for additional private savings to cover the old age income...
Persistent link: https://www.econbiz.de/10012120692
This chapter surveys the literature on housing in macroeconomics. We first collect facts on house prices and quantities in both the time series and the cross section of households and housing markets. We then present a theoretical model of frictional housing markets with heterogeneous agents...
Persistent link: https://www.econbiz.de/10014024264
Recent research has explored the growing ‘financialization’ process in the U.S. and other advanced economies. The term … explore the relationship between financialization in the U.S economy and real investment at the firm level. Using data from a … financialization. First, increased financial investment and increased financial profit opportunities may have crowded out real …
Persistent link: https://www.econbiz.de/10005070028
the hard core of financialization. Shadow banking manifests itself through a variety of activities carried out since time …
Persistent link: https://www.econbiz.de/10011400051
the hard core of financialization. Shadow banking manifests itself through a variety of activities carried out since time …
Persistent link: https://www.econbiz.de/10011494440
Persistent link: https://www.econbiz.de/10010741338
the hard core of financialization. Shadow banking manifests itself through a variety of activities carried out since time …
Persistent link: https://www.econbiz.de/10011075888
) crisis of 1998, the dotcom bubble bursting in 2000, the recent house price bubbles, the financialization bubble via special … financialization, through exchange-traded-funds (ETFs), speed and automation, through algorithmic trading and public debt, and through …
Persistent link: https://www.econbiz.de/10011030556