Local Housing Market Cycle and Loss Given Default : Evidence from Sub-Prime Residential Mortgages /

This paper studies the impact of housing market cycles on loss given default (LGD). Previous studies have shown that the current loan-to-value ratio (CLTV) is the most important determinant of LGD. This paper establishes another linkage which is between the house price cycles before the time of mort...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Zhang, Yanan
مؤلفون آخرون: Ji, Lu, Liu, Fei
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2010.
سلاسل:IMF Working Papers; Working Paper ; No. 2010/167
الوصول للمادة أونلاين:Full text available on IMF