Blar i Centre for Household Finance and Macroeconomic Research (HOFIMAR) på emneord "Mortgage markets"
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The leverage-liquidity trade-of mortgage regulation
(HOFIMAR Working Paper Series;4/2023, Working paper, 2023)We evaluate the impact of loan-to-value restrictions on household financial vulnerability. Using Norwegian tax data, we first document a beneficial leverage effect, in which households respond to the regulation by reducing ...