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...
| 1. Verfasser: | |
|---|---|
| Weitere Verfasser: | , |
| Format: | Zeitschrift |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
2010.
|
| Schriftenreihe: | IMF Working Papers; Working Paper ;
No. 2010/167 |
| Online Zugang: | Full text available on IMF |