Autores: José Manuel Pastor, Javier Quesada y Lorenzo Serrano

Título: The Impact of a Housing Price Bubble on the Intensity of the Recent Credit Crunch: Evidence from Different Countries

Fuente: New Issues in Financial and Credit Markets

Resumen: The authors find positive country evidence regarding the impact of the relative size of the housing sector on the intensity of the recent credit crunch period. Countries which experienced the highest housing price hikes are also countries where the credit deceleration has been more intensive. The size of housing loans relative to banks' portfolios, together with a much higher correspondent risk in the inter-bank markets, has probably been the main cause of the liquidity constraint over the last year.


Cómo citar este documento:
Pastor, J.M., J. Quesada y L. Serrano, 2010. "The Impact of a Housing Price Bubble on the Intensity of the Recent Credit Crunch: Evidence from Different Countries ", en New Issues in Financial and Credit Markets. Basingstoke, Inglaterra: Palgrave Macmillan, pp. 64-81.


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