LENDING RIGHT AND INSOLVENCY ESTATE

auk Regulatory Agreements Real and Estate Lending

Recent studies have found that banks with low capital ratios have significantly decreased their lending to the real estate sector. This correlation between real estate lending and bank capital could be the result of voluntary decisions by banks to-recapitalize, or it could be the result of direct actions taken by bank regulators. We find that banks with low capital ratios reduce their real esta...

Lending Constraints, Real Estate Prices and Business Cycles in Emerging Economies

This paper studies how international real interest rate shocks can drive business cycles in an emerging economy. We first present evidence that, in emerging economies, real interest rates and real estate prices are negatively correlated and real interest rates are countercyclical. Motivated by this evidence, we develop a model of a small open economy, where entrepreneurs are borrowing constrain...

Public lending right: prospects in South Africa’s public libraries?

This paper examines the origin of the Public Lending Right and the UK Public Lending Right Act 1979. It analyses whether the public lending right (PLR) that exists in some European countries, Canada and Australia may form the basis of establishing a PLR in South Africa's public libraries following a debate by the Academic and Non-Fiction Authors' Association of South Africa (ANFASA) as to wheth...

Dynamic analysis of the effects of mortgage-lending policies in a real estate market

The Korean government announced new policies to regulate mortgage lending that aim to decrease both the loan-to-value ratio and the debt-to-income ratio, in 2008. These policies were implemented on the expectation that they will control housing demand and stabilize house prices, focusing only on the current market status. However, it is difficult to analyze the effectiveness of these kinds of p...

Genetic information, privacy and insolvency.