@techreport{Kelly2011note,
abstract = {Using Department of Environment data on number of mortgages by size category we find that the Weibull distribution accurately models the distribution of loans under \mbox{\texteuro}{}300,000 but severely underestimates the number of larger loans. We therefore use a a Pareto distribution for loans above this level. We estimate that from 2006 to 2008 there were fewer than 2,000 loans over \mbox{\texteuro}{}1 million with total value of \mbox{\texteuro}{}3 billion; and that there were 11,000 loans over \mbox{\texteuro}{}500,000 with estimated value of \mbox{\texteuro}{}9 billion. While the number of people taking out these mortgages is unknown, the conjecture that the largest 10,000 mortgage borrowers owe around \mbox{\texteuro}{}10 billion, largely for buy to let mortgages, does not appear implausible given these results. More tentatively, an ecological inference procedure suggests that interest only mortgages went almost exclusively to property investors.},
address = {Dublin},
author = {Morgan Kelly},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {330},
language = {eng},
number = {WP11/17},
publisher = {University College Dublin, UCD School of Economics},
title = {A note on the size distribution of Irish mortgages},
type = {UCD Centre for Economic Research Working Paper Series},
url = {https://hdl.handle.net/10419/72205},
year = {2011}
}