Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/208311 
Erscheinungsjahr: 
2019
Schriftenreihe/Nr.: 
ECB Working Paper No. 2277
Verlag: 
European Central Bank (ECB), Frankfurt a. M.
Zusammenfassung: 
Using household survey data, we document evidence of a loosening of credit standards in Euro area countries that experienced a property price boom-and-bust cycle. Borrowers in these countries exhibited significantly higher loan-to-value (LTV) and loan-to-income (LTI) ratios in the run up to the financial crisis, and an increasing tendency towards longer-term loans compared to borrowers in other countries. In recent years, despite the long period of historically low interest rates and substantial house price increases in some countries, we do not find similar credit easing as before the crisis. Instead, we find evidence of a considerable change in borrower characteristics since 2010: new borrowers are older and have higher incomes than before the crisis.
Schlagwörter: 
survey data
macroprudential policy
financial crisis
financial regulation
financial stability
JEL: 
E5
G01
G17
G28
R39
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-92-899-3539-5
Dokumentart: 
Working Paper

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