This paper looks at the relation between mortgage credit and housing values. It has become conventional wisdom in … tested as of yet. The paper uses the Johansen procedure to estimate a long run relationship between mortgage credit and … different housing price variables are estimated. It is found that mortgage credit is weakly exogenous. Impulse …

in 2007 and, in each case, was accompanied by a rapid expansion of financing — mortgage lending and mortgage …

rates and house prices. Some Chinese banks, especially the Bank of China, have been exposed to the US mortgage … mortgage defaults than their western counterparts because house buyers are mainly urban and high income residents who are …

berücksichtigt, um die nationalen und bundesstaatlichen Hauspreisregime für die USA gemeinsam zu analysieren. Unser Ansatz … Küstenstaaten und dem nationalen Zyklus in den USA. Darüber hinaus gehen Boom- und Bustzyklen in dieser Staatengruppe mit einer …