70
Views
3
CrossRef citations to date
0
Altmetric
Regular Articles

Mortgages Denominated in Domestic and Foreign Currencies: Simple Models

&

References

  • Barrell, R., E. P. Davis, T. Fic, and A. Orazgani. 2009. Household debt and foreign currency borrowing in new member states of the EU. Working Paper No. 09-23 June. London: Brunel University.
  • Basso, H. S., O. Calvo-Gonzales, and M. Jurgilas. 2007. Financial dollarization: The role of banks and interest rates. ECB Working Papers 748.
  • Beckmann, E., A. Roitner, and H. Stix. 2015. A local or a foreign currency loan? Evidence on the role of loan characteristics, preferences of households and the effect of foreign banks. Journal of Economic Behavior and Organization 112:1–16.
  • Beckmann, E., and H. Stix. 2014. Foreign currency borrowing and knowledge about exchange rate risk. Working Paper No. 188. Vienna: Oesterreichische Nationalbank.
  • Bethlendi, A. 2011. Policy measures and failures on foreign currency household lending in Central and Eastern Europe. Acta Oeconomica 61 (2):193–223. doi:10.1556/AOecon.61.2011.2.5.
  • Brown, M., and R. De Haas. 2012. Foreign banks and foreign currency lending in emerging Europe. Economic Policy 27 (69):57–98. doi:10.1111/ecop.2012.27.issue-69.
  • Campbell, J. Y., and J. F. Cocco. 2015. A model of mortgage default. The Journal of Finance 70 (4):1495–554. doi:10.1111/jofi.2015.70.issue-4.
  • Edelberg, W. 2006. Risk-based pricing of interest rates for consumer loans. Journal of Monetary Economics 53 (8):2283–98. doi:10.1016/j.jmoneco.2005.09.001.
  • Fidrmuc, J., M. Hake, and H. Stix. 2013. Households’ foreign currency borrowing in central and Eastern Europe. Journal of Banking & Finance 37 (6):1880–97. doi:10.1016/j.jbankfin.2012.06.018.
  • Fischer, S., and F. Modigliani. 1978. Towards an understanding of the real effects and costs of inflation. Review of World Economics 114 (4):810–33. doi:10.1007/BF02696381.
  • Fisher, I., (1977). 1930. The theory of interest. Philadelphia: Porcupine Press.
  • Heidhues, P., B. Kőszegi, and T. Murooka. 2012. Deception and consumer protection in competitive markets (with Paul Heidhues and Botond Kőszegi). In The Pros and Cons of Consumer Protection, ed. Dan Sjöblom, 44–76. Stockholm: Swedish Competition Authority.
  • Ize, A., and E. Levy-Yeyati. 2003. Financial dollarization. Journal of International Economics 59:323–47. doi:10.1016/S0022-1996(02)00017-X.
  • Király, J., and A. Banai. 2014. Foreign currency lending: The ‘Flow’ and the ‘Stock’ problem. National Bank of The Republic of Macedonia: 2nd Research Conference, Policy Nexus and the Global Environment: A New Consensus Emerging from the Crisis? Skopje, Macedonia: NBRM.
  • Király, J., and A. Simonovits. 2015. Mortgages denominated in domestic and foreign currencies: Simple models. IE-CERS-HAS Working Paper, 13, Budapest.
  • Levy-Yeyati, E. 2006. Financial dollarization: Evaluating the consequences. Economic Policy 21 (45):61–118.
  • Modigliani, F., and D. Lessand. 1975. New mortgage designs for stable housing in inflationary environment, federal reserve bank of Boston. Conference Series, 14, Boston, MA.
  • Nagy, P. M., S. Jeffrey, and J. Zettelmeyer. 2011. Addressing private sector currency mismatches in emerging Europe. In Financial market regulation and reforms in emerging markets, eds E. Prasad, and M. Kawai, 365–406. Washington, DC.: Brookings Institution Press.
  • Pitz, M., and Z. Schepp. 2013. Determination of pricing of bank loans: A structural VAR model. Public Finance Quarterly 58 (4), (in Hungarian):420–33.
  • Radnai, M. 2015. The boomerang effect of repricing household foreign currency mortgage loans. Hungarian Review of Economics 62 (2), (in Hungarian):113–38.
  • Rosenberg, C. B., and M. Tirpák. 2008. Determinants of foreign currency borrowing in the new member states of the EU. IMF Working Paper 08/173, International Monetary Fund, Washington. doi:10.5089/9781451870312.001.
  • Schepp, Z. 2008. Reflections on the risk of foreign currency loans financed with variable interest rate. Hungarian Credit Review 7 (1), (in Hungarian):67–90.
  • Simonovits, A. 1992. The Mathematics of Home Mortgages in 1991. Eastern European Economics 30:21–33. doi:10.1080/00128775.1992.11648480.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.