Mortgage Markets: Why US and EU Markets Are So Different
Housing StudiesPublished 1 September 2000
Adrian Coles, Judith Nora Hardt
Citations39
SJR quartileQ1
SJR score1.50
SNIP2.50
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Abstract
Abstract The US mortgage market has been characterised by a number of factors that have encouraged the growth of securitisation and this, in turn, has substantially reduced the need for mortgage lenders to hold own funds. The situation in Europe is rather different (see Boleat, 1985; Coles, 1999; European Mortgage Federation 1996). This paper looks at the key differences between the US and Europe, their implications with regard to capital adequacy regulation and why a similar evolution for Europe seems unlikely.
Keywords
Economics, Econometrics and Finance
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