Akin, Ozlem; García Montalvo, José; García Villar, Jaume - In: SERIEs : Journal of the Spanish Economic Association 5 (2014) 2/3, pp. 223-243
We analyze the determinants of real estate and credit bubbles using a unique borrower-lender matched dataset on … than in the bust. Moreover, despite some adjustment in lending conditions in the good times depending on borrower risk, the … results suggest too soft lending standards and excessive risk-taking in the boom. For example, mortgage spreads for non …