Showing 71 - 80 of 9,345
We use a quantitative equilibrium model with houses, collateralized debt and foreign borrowing to study the impact of global imbalances on the U.S. economy in the 2000s. Our results suggest that the dynamics of foreign capital flows account for between one fourth and one third of the increase in...
Persistent link: https://www.econbiz.de/10010211020
Persistent link: https://www.econbiz.de/10003876513
Persistent link: https://www.econbiz.de/10003949072
of recent U.S. house price appreciation and subsequent mortgage defaults. We identify the effect of shifts in the supply … of mortgage credit by exploiting within-county variation across zip codes that differed in latent demand for mortgages in … which we refer to as "disintermediation." The increase in disintermediation-driven mortgage supply to high latent demand zip …
Persistent link: https://www.econbiz.de/10003693338
Die Subprime-Krise hat sich zur Finanzkrise ausgeweitet. Das Buch analysiert die Ursachen der Subprime-Krise, schildert die Auswirkungen auf die Finanz- und Realwirtschaft und gibt konkrete Handlungsempfehlungen, wie Krisen in ähnlicher Art in Zukunft vermieden werden können. Die Analyse zeigt...
Persistent link: https://www.econbiz.de/10003726748
Persistent link: https://www.econbiz.de/10003759101
Die Subprime-Krise hat sich zur Finanzkrise ausgeweitet. Das Buch analysiert die Ursachen der Subprime-Krise, schildert die Auswirkungen auf die Finanz- und Realwirtschaft und gibt konkrete Handlungsempfehlungen, wie Krisen in ähnlicher Art in Zukunft vermieden werden können.
Persistent link: https://www.econbiz.de/10014508628
Using individual-level data on homeowner debt and defaults from 1997 to 2008, we show that borrowing against the increase in home equity by existing homeowners is responsible for a significant fraction of both the sharp rise in U.S. household leverage from 2002 to 2006 and the increase in...
Persistent link: https://www.econbiz.de/10012463368
during the crisis. Representatives from districts experiencing an increase in mortgage default rates are significantly more … likely to vote in favor of the AHRFPA. They are precise in responding only to mortgage related constituent defaults, and are …
Persistent link: https://www.econbiz.de/10012464179
We use a quantitative equilibrium model with houses, collateralized debt and foreign borrowing to study the impact of global imbalances on the U.S. economy in the 2000s. Our results suggest that the dynamics of foreign capital flows account for between one fourth and one third of the increase in...
Persistent link: https://www.econbiz.de/10012459026