Ireland has been in the grip of a housing crisis for several years. Lately, there have been mounting calls for a referendum to introduce a right to housing in the Constitution. Regardless of the merits of this proposal, it stems, in part, from a perception that the Constitution in its current...

We empirically document that banks with greater exposure to high home price-to-income or price-to-rent ratio regions before the financial crisis of 2007--2009 have higher mortgage delinquency and charge-off rates and significantly higher probabilities of failure during the crisis even after...