Subscribe to DSC Newsletter

A model of mortgage credit: Central Bank of Ireland

Diarmaid Addison-Smyth, Kieran McQuinn and Gerard O’Reilly


Abstract


The emergence and proliferation of the international financial crisis since mid-2007 has,
amongst other issues, refocussed attention on the interrelationship between mortgage credit
availability and house prices. A growing body of opinion is now of the view that the increase
in credit availability internationally was a primary contributor to the rate of house price increases
witnessed in many OECD countries over the past 10 years. House price growth in the
UK over this period was to the fore of that experienced across countries, while the Anglo-
Saxon system of banking was characterised by a significant degree of financial innovation
yielding greater credit provision. In this paper we propose a simple intuitive model, which
seeks to quantify the impact of credit market disequilibrium on UK house prices over the
period 1992 - 2008.

http://www.centralbank.ie/data/TechPaperFiles/Credit2_UK_post_IEA.pdf

Views: 217

Tags: asymptotix

Comment

You need to be a member of AnalyticBridge to add comments!

Join AnalyticBridge

Comment by Basavaraj.B on August 30, 2009 at 3:10am
Thanks a Lot.
Its Good model and information for those who working in Mortagage Analytics / Business.

Thanks
Basavaraj

On Data Science Central

© 2020   TechTarget, Inc.   Powered by

Badges  |  Report an Issue  |  Privacy Policy  |  Terms of Service