| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11214 |
| DP11214 Capital Requirements, Risk Shifting and the Mortgage Market | |
| Tomasz Wieladek; Arzu Uluc | |
| 发表日期 | 2016-04-05 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | We study the effect of changes to bank-specific capital requirements on mortgage loan supply with a new loan-level dataset containing all mortgages issued in the UK between 2005Q2 and 2007Q2. We find that a rise of a 100 basis points in capital requirements leads to a 5.4% decline in individual loan size by bank. Loans issued by competing banks rise by roughly the same amount, which is indicative of credit substitution. Borrowers with an impaired credit history (verified income) are not (most) affected. This is consistent with origination of riskier loans to grow capital by raising retained earnings. No evidence for credit substitution of non-bank finance companies is found. |
| 主题 | Financial Economics |
| 关键词 | Capital requirements Loan-level data Mortgage market Credit substitution |
| URL | https://cepr.org/publications/dp11214 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540032 |
| 推荐引用方式 GB/T 7714 | Tomasz Wieladek,Arzu Uluc. DP11214 Capital Requirements, Risk Shifting and the Mortgage Market. 2016. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Tomasz Wieladek]的文章 |
| [Arzu Uluc]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Tomasz Wieladek]的文章 |
| [Arzu Uluc]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Tomasz Wieladek]的文章 |
| [Arzu Uluc]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
