We analyze the determinants of real estate and credit bubbles using a unique borrower-lender matched dataset on mortgage loans in Spain. The dataset contain real estate credit and price conditions (loan principal and spread, and the appraisal and market price) at the mortgage level, matched with borrower characteristics (such as income, labor status and contract) and the lender identity, over the last credit boom and bust. We find that lending standards are softer in the boom 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-employed are identical to...
Treball Final de Grau en Finances i Comptabilitat. Codi: FC1049. Curs acadèmic 2013-2014The main obj...
Bubbles in housing markets can impact the macroeconomy via wealth effects and the banking system via...
Artículo de revistaAfter the sharp correction during the crisis, activity in the Spanish real estate...
We analyze the determinants of real estate and credit bubbles using a unique borrower-lender matched...
We analyze the determinants of real estate and credit bubbles using a unique borrower-lender matched...
We analyze the determinants of real estate and credit bubbles using a unique borrower-lender matched...
We analyze the determinants of real estate and credit bubbles using a unique borrower-lender matched...
© The Author(s) 2014. This article is published with open access at SpringerLink.com Abstract We ana...
How does a housing boom affect credit to non-housing firms? Using bank, firm and loan-level micro-data...
This paper studies credit booms exploiting the Spanish matched credit register over 2001–2009. We ex...
The worldwide financial crisis of 2007–2008 raised serious concerns about the soundness of banks’ ac...
Understanding the performance of banks is of the utmost importance due to the impact the sector may ...
The multiplicity of approaches and perspectives used for the explanation of enormous price increases...
Finance linked to construction and the housing industry has been the most dynamic element of credits...
Understanding the performance of banks is of the utmost relevance, because of the impact of this s...
Treball Final de Grau en Finances i Comptabilitat. Codi: FC1049. Curs acadèmic 2013-2014The main obj...
Bubbles in housing markets can impact the macroeconomy via wealth effects and the banking system via...
Artículo de revistaAfter the sharp correction during the crisis, activity in the Spanish real estate...
We analyze the determinants of real estate and credit bubbles using a unique borrower-lender matched...
We analyze the determinants of real estate and credit bubbles using a unique borrower-lender matched...
We analyze the determinants of real estate and credit bubbles using a unique borrower-lender matched...
We analyze the determinants of real estate and credit bubbles using a unique borrower-lender matched...
© The Author(s) 2014. This article is published with open access at SpringerLink.com Abstract We ana...
How does a housing boom affect credit to non-housing firms? Using bank, firm and loan-level micro-data...
This paper studies credit booms exploiting the Spanish matched credit register over 2001–2009. We ex...
The worldwide financial crisis of 2007–2008 raised serious concerns about the soundness of banks’ ac...
Understanding the performance of banks is of the utmost importance due to the impact the sector may ...
The multiplicity of approaches and perspectives used for the explanation of enormous price increases...
Finance linked to construction and the housing industry has been the most dynamic element of credits...
Understanding the performance of banks is of the utmost relevance, because of the impact of this s...
Treball Final de Grau en Finances i Comptabilitat. Codi: FC1049. Curs acadèmic 2013-2014The main obj...
Bubbles in housing markets can impact the macroeconomy via wealth effects and the banking system via...
Artículo de revistaAfter the sharp correction during the crisis, activity in the Spanish real estate...