We analyze link between mortgage-related regulatory penalties levied on banks and the level of systemic risk in the U …

In this paper we examine the relationship between homeowners' bankruptcy decisions and their mortgage default decisions …

mortgage and unsecured credit markets to assess the impact of this reform on the severity of the housing crisis during the … Great Recession. We find that while this reform increased the relative attractiveness of mortgage default, its impact on the … housing market during the crisis was largely mitigated by general equilibrium effects on mortgage lending standards. Allowing …

In this paper we examine the relationship between homeowners' bankruptcy decisions and their mortgage default decisions …