Housing markets and the financial crisis of 2007-2009: lessons for the future

By John V. Duca, J. Muellbauer, Anthony Murphy. 2010

289 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/dcbe9c4fdbd102d0c18b803634c4d1b75e08fb46

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Citations in the corpus

CREDIT, HOUSING COLLATERAL, AND CONSUMPTION: EVIDENCE FROM JAPAN, THE U.K., AND THE U.S. (2012, background): “The global economic crisis of 2007–09 had its origins in a credit crisis, at the heart of which is asymmetric information between lenders and borrowers, most simply the risk that lenders face concerning the ability and willingness of borrowers to service debt (see Stiglitz and Weiss, 1981; Duca et a”
House price dynamics: Fundamentals and expectations (2015, unknown): “…many studies identify plausible drivers to the recent house price boom: low real interest rates (Adam et al., 2011), shifting lending standards (Duca et al., 2010; Favilukis et al., 2010; Gelain et al., 2015) and low elasticity of housing 1 Recent macroeconomic studies are assessing the role…”
How to Deal with Real Estate Booms: Lessons from Country Experiences (2011, unknown): “Regressions on a panel of U.S. regions from 1978 to 2008 deliver a smaller impact of LTV at loan origination: roughly 5 percent increase in house prices for a 10 percentage point increase in LTV.41 Duca et al. (2010) construct a series for LTV faced by first-time home buyers and estimate a cointegra”
From financial instability to green finance: the role of banking and credit market regulation in the Eurace model (2019, background): “…the mid 2000s, in particular in relation to mortgage lending practices and the related housing bubble (see e.g. Keen et al. (2009); Turner (2013); Muellbauer (2015), along with the ensuing subprime crisis that is considered the triggering cause of the 2007/2008 financial crisis (Duca et al., 2010).”
Self-reinforcing effects between housing prices and credit: an extended version (2013, methodology): “In those countries, as Duca et al. (2010) emphasize, any overshooting of construction and housing prices owed more to traditional housing supply and demand factors.”