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Unconventional monetary policy, leverage & default dynamics
Palombo, Edoardo - 2020
The objective of this paper to investigate the effectiveness of credit easing policy in mitigating the economic fallout from a financial recession using a model that can account for the observed default and leverage dynamics during the financial crisis of 2007. A general equilibrium model is...
Persistent link: https://www.econbiz.de/10012243296
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Bank Leverage, Credit Traps and Credit Policies
Foulis, Angus - 2015
We construct an overlapping generations macroeconomic model with which to study the causes, consequences and remedies to ‘credit traps' — prolonged periods of stagnant real activity accompanied by low productivity, financial sector undercapitalisation, and the misallocation of credit. In our...
Persistent link: https://www.econbiz.de/10013018289
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"Don't know what you got till it's gone" : the Community Reinvestment Act in a changing financial landscape
Lei, Ding; Nakamura, Leonard Isamu - 2020
This study provides new evidence on the impact of the Community Reinvestment Act (CRA) on mortgage lending by taking …
Persistent link: https://www.econbiz.de/10012198565
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Credit Risk in Commercial Real Estate Bank Loans : The Role of Idiosyncratic versus Macro-Economic Factors
Mokas, Dimitris - 2019
The commercial real estate market is pro-cyclical. This feature, together with the relative size of the industry and the large capital inflows, has made this sector relevant for financial stability. Using a novel loan level data set covering the commercial real estate portfolios of Dutch banks...
Persistent link: https://www.econbiz.de/10012863514
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Mortgage Lending, Default and the Community Reinvestment Act
Ringo, Daniel - 2018
subprime crisis, the CRA was accused of having promoted risky lending. This paper estimates the effect of the CRA on mortgage … redefinitions of Metropolitan Statistical Areas in 2003. The CRA caused a substantial increase in mortgage lending, especially among …
Persistent link: https://www.econbiz.de/10012937377
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Federal Home Loan Bank Advances and Small Business Lending
Davidson, Travis - 2016
Adequate credit availability for small businesses is an important public policy issue because small businesses are essential for employment and economic growth for the economy. The Gramm-Leach-Bliley Act of 1999 includes a provision that could potentially support financial institutions in the...
Persistent link: https://www.econbiz.de/10013004708
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Subprime Lending and the Community Reinvestment Act
Park, Kevin A. - 2016
The Community Reinvestment Act (CRA) encourages banks to expand mortgage lending in the communities in which they have … regulation forced banks to lower their credit standards and engage in riskier mortgage products in order to extend credit to … lower-income individuals, who perhaps should not have received such loans. However, data provided by the Home Mortgage …
Persistent link: https://www.econbiz.de/10012985720
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Does the Community Reinvestment Act increase small business lending in lower income neighborhoods?
Kim, Mee Jung; Lee, Kyung Min; Earle, John S. - 2021
We estimate the impact of the Community Reinvestment Act (CRA) on small business lending in lower-income neighborhoods. Using 2004-2016 panel data on census tracts, we apply a combined regression discontinuity and fixed effect method. We find that the number of small business loans increases by...
Persistent link: https://www.econbiz.de/10012609174
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Credit demand in the Irish mortgage market: what is the gap and could public lending help?
Corrigan, Eoin; O'Toole, Conor; Slaymaker, Rachel - 2020
mortgage credit instrument could alleviate a portion of this gap and aid market access by providing between 1,100 and 5 …
Persistent link: https://www.econbiz.de/10012307947
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Federal Home Loan Bank advances and small business lending
Davidson, Travis R.; Simpson, W. Gary - In: Journal of entrepreneurial finance : JEF ; official … 18 (2016) 1, pp. 1-21
Adequate credit availability for small businesses is an important public policy issue because small businesses are essential for employment and economic growth for the economy. The Gramm-Leach-Bliley Act of 1999 includes a provision that could potentially support financial institutions in the...
Persistent link: https://www.econbiz.de/10011991395