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The real estate and credit bubble: evidence from Spain

dc.contributor.authorAkin, Ozlem
dc.contributor.authorMontalvo, Jose G.
dc.contributor.authorGarcia Villar, Jaume
dc.contributor.authorPeydró, José-Luis
dc.contributor.authorRaya, Josep Maria
dc.date.accessioned2024-01-18T13:38:03Z
dc.date.available2024-01-18T13:38:03Z
dc.date.issued2014
dc.identifier.citationAkin O, Montalvo JG, Garcia Villar J, Peydró, J-L, Raya JM. The real estate and credit bubble: evidence from Spain. SERIEs. 2014 Aug;5(2-3):223-243. DOI: 10.1007/s13209-014-0115-9ca
dc.identifier.issn1869-4187ca
dc.identifier.urihttp://hdl.handle.net/20.500.12367/2553
dc.description.abstractWe 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. [...]ca
dc.format.extent21 p.ca
dc.language.isoengca
dc.publisherSpringerca
dc.relation.ispartofSERIEs. 2014 Aug;5(2-3):223-243ca
dc.rights© Akin O, et al. 2014. This article is published with open access at SpringerLink.comca
dc.rightsAttribution 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/*
dc.subject.otherLending standardsca
dc.subject.otherCredit supplyca
dc.subject.otherExcessive risk-takingca
dc.subject.otherBank incentivesca
dc.subject.otherConflicts of interestca
dc.subject.otherMoral hazardca
dc.subject.otherPrudential policyca
dc.subject.otherFinancial crisesca
dc.subject.otherAsset price bubbleca
dc.titleThe real estate and credit bubble: evidence from Spainca
dc.typeinfo:eu-repo/semantics/articleca
dc.description.versioninfo:eu-repo/semantics/publishedVersionca
dc.rights.accessLevelinfo:eu-repo/semantics/openAccess
dc.embargo.termscapca
dc.identifier.doi10.1007/s13209-014-0115-9ca


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© Akin O, et al. 2014. This article is published with open access at SpringerLink.com
Except where otherwise noted, this item's license is described as http://creativecommons.org/licenses/by/4.0/
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