Zurek, Maximilian - In: Journal of Financial Services Research 62 (2021) 1-2, pp. 27-59
's closely tied to economic growth; when used as collateral by banks, rising real estate prices may decrease both expected and … actual losses; and banks may become less risk averse in lending practices in the presence of rising property prices … savings banks, however, we find that real estate prices have little or no impact on savings banks' credit portfolio risk or …