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...

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Xehetasun bibliografikoak
Egile nagusia: Dell'Ariccia, Giovanni
Beste egile batzuk: Igan, Deniz, Laeven, Luc
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2008.
Saila:IMF Working Papers; Working Paper ; No. 2008/106
Sarrera elektronikoa:Full text available on IMF