Credit Booms and Lending Standards : Evidence From the Subprime Mortgage Market /

This paper links the current sub-prime mortgage crisis to a decline in lending standards associated with the rapid expansion of this market. We show that lending standards declined more in areas that experienced larger credit booms and house price increases. We also find that the underlying market s...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Dell'Ariccia, Giovanni
Awduron Eraill: Igan, Deniz, Laeven, Luc
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2008.
Cyfres:IMF Working Papers; Working Paper ; No. 2008/106
Mynediad Ar-lein:Full text available on IMF