A Macro-Finance Model of Mortgage Structure: Financial Stability & Risk Sharing
Mortgage structure matters not only for monetary policy transmission, but also for financial
stability. In an adjustable-rate mortgage (ARM) regime, interest rate rises cause higher …
stability. In an adjustable-rate mortgage (ARM) regime, interest rate rises cause higher …
Monetary Tightening, Quantitative Easing, and Financial Stability
I Shchapov - Quantitative Easing, and Financial Stability (August 16 …, 2024 - papers.ssrn.com
This paper analyses the implications of central bank balance sheet policies on financial
stability in a framework with banks facing occasionally-binding leverage constraints and …
stability in a framework with banks facing occasionally-binding leverage constraints and …