Results 41 to 50 of about 341 (158)

Housing Wealth and Consumption: The Role of Heterogeneous Credit Constraints

International Economic Review, EarlyView.
ABSTRACT We quantify the role of heterogeneity in households' financial constraints in explaining the link between the decline in aggregate consumption and the decline in house values between 2006 and 2009 using individual‐level data. Constraints that are triggered by a decline in house values, and a small fraction of consumers facing particularly ...
S. Borağan Aruoba, Ronel Elul, Şebnem Kalemli‐Özcan   +2 more
wiley   +1 more source

Unequal and Unstable: Income Inequality and Bank Risk

Journal of Money, Credit and Banking, EarlyView.
Abstract We present a model in which income inequality interacts with banks' risk‐taking incentives, generating financial instability. Competition and deposit insurance cause some banks to lend to lower‐income borrowers at underpriced rates, creating “risky banks” that fail in downturns, while others lend to higher‐income borrowers and avoid default ...
YULIYAN MITKOV, ULRICH SCHÜWER
wiley   +1 more source

Contagion and Spillover Effects of the Chinese Housing Crisis on the China‐Focused ETFs Trading in the United States

Pacific Economic Review, Volume 31, Issue 4, Page 338-362, October 2026.
ABSTRACT This study investigates the impact of China's recent real estate crisis, stemming from Evergrande's struggles, on the return and risk profiles of US‐listed exchange traded funds (ETFs) tracking Chinese stock market indexes. Analysing 26 funds from February 2, 2018 to December 31, 2024, we first employ a VAR model to assess contagion and ...
Gerasimos Rompotis, Spyros Papathanasiou, Drosos Koutsokostas   +2 more
wiley   +1 more source

The Performance of Liquidity in the Subprime Mortgage Crisis [PDF]

New Political Economy, 2010
‘Liquidity’ is highly significant to representations of the crisis that gripped financial markets from the summer of 2007. A wide-ranging ‘liquidity crisis’ is typically traced to the collapse of prices in markets for assets backed by or derived from the repayments of American subprime mortgagors, while public authorities are said to have responded by ‘
openaire   +3 more sources

Subprime Refinancing: Equity Extraction and Mortgage Termination [PDF]

Real Estate Economics, 2006
This article examines the choice of borrowers to extract wealth from housing in the high‐cost (subprime) segment of the mortgage market and assesses the prepayment and default performance of these cash‐out refinance loans relative to the rate of refinance loans.
Pennington-Cross, Anthony, Chomsisengphet, Souphala   +1 more
openaire   +2 more sources

Taking Stock: Elite Studies and Social Change

The British Journal of Sociology, Volume 77, Issue 4, Page 829-843, September 2026.
ABSTRACT This article provides a systematic synthesis of contemporary elite sociology through the analytical lens of change and stability. We distinguish between two types of change: change within elites, referring to transformations in elite composition, circulation, or internal characteristics; and change by elites, designating processes whereby ...
Lena Ajdacic, François Schoenberger, Johanna Behr, Fabio Cescon, Lion Hubrich, Emma Ischinsky, Muneeb Salman, Juliana Mazzucotelli, Laura Mrčela, Alonso Pi Cholula, Céline Roy, Sophie Serrano, Helle Dyrendahl Staven, Tina Thakur   +13 more
wiley   +1 more source

Problematiche metodologiche e applicative del Market Comparison Approach

Aestimum
The 2008 subprime mortgage crisis that deeply affected the entire international financial system highlighted the close interdependence between securities and real estate markets. This led to the need for evaluation methods for assets given as collateral
Tiziano Tempesta
doaj   +1 more source

Monetary Policy, Investor Sentiment and Stock Price Bubble: Evidence From China

Accounting &Finance, Volume 66, Issue 3, Page 2442-2473, September 2026.
ABSTRACT The empirical results indicate that an increase in interest rates may stimulate a significant and persistent stock price bubble, which is consistent with rational asset price bubble theory. This finding suggests that central banks should implement anti‐turbulent monetary policy with caution, since inappropriate tightening may unintentionally ...
Jiahao Gong, Haofan Qiang, Xiaojian Niu, Chante Jian Ding   +3 more
wiley   +1 more source

Loan Servicer Heterogeneity and the Termination of Subprime Mortgages [PDF]

SSRN Electronic Journal, 2006
After a mortgage is originated the borrower promises to make scheduled payments to repay the loan. These payments are sent to the loan servicer, who may be the original lender or some other firm. This firm collects the promised payments and distributes the cash flow (payments) to the appropriate investor/lender.
Giang Ho, Anthony Pennington-Cross
openaire   +1 more source

Análise crítica do papel das inovações financeiras na crise do subprime

Economia e Sociedade
Resumo Este artigo tem por objetivo estudar a importância central assumida pelo mercado de derivativos na dinâmica do capitalismo contemporâneo, debruçando-se particularmente sobre o mercado de derivativos de crédito e sua contribuição para a formação e ...
Guilherme Santos Mello
doaj   +1 more source