Comparing Mortgage Credit Risk Policies : An Options-Based Approach

Comparing Mortgage Credit Risk Policies : An Options-Based Approach

Buckley, Karaguishiyeva,Van Order, and Vecvagare analyze the structure of approaches to mortgage credit risk that are now being used in a number of OECD and transition economies. The authors' basic approach is to show how option pricing models...

Full description

Bibliographic Details
Main Authors:	Buckley, Robert, Karaguishiyeva, Gulmira, Van Order, Robert, Vecvagare, Laura
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ASSET PRICES ASYMMETRIC INFORMATION BANKRUPTCY BAUSPARKASSEN BONDS CAPITAL REQUIREMENTS COMPARATIVE ADVANTAGE CONTINGENT LIABILITIES CONTINGENT LIABILITY COVERAGE CREDIT INSURANCE CREDIT POLICIES CREDIT RATING CREDIT RATIONING CREDIT RISK CREDIT RISKS DEBT DEBT FINANCING DEFAULT RISK DEPOSIT INSURANCE DIVIDENDS DOWN PAYMENTS EMPIRICAL EVIDENCE FACE VALUE FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SYSTEMS GOVERNMENT EXPENDITURES HOMEOWNERSHIP HOUSEHOLD INCOME HOUSING HOUSING AFFORDABILITY HOUSING MARKETS INFORMATION PROBLEMS INSURANCE INSURANCE COMPANIES INSURERS LAWS LEVEL PLAYING FIELD MARKET ECONOMIES MARKET INSTITUTIONS MATURITIES MORTGAGE MORTGAGE CREDIT MORTGAGE CREDIT INSURANCE MORTGAGE DEFAULT MORTGAGE DEFAULT INSURANCE MORTGAGE INSURANCE MORTGAGE INSURERS MORTGAGE LENDING MORTGAGE LOAN MORTGAGE LOANS MORTGAGE MARKET MORTGAGE MARKETS MORTGAGES NEGATIVE EQUITY POLICY RESEARCH PREMIUMS PRESENT VALUE PRICE RATIONING PRICING MODELS PRIVATE INSURANCE PROGRAMS PUBLIC INSURANCE PUBLIC POLICY RATES RESERVES RISK ALLOCATION RISK DIVERSIFICATION SAVINGS SAVINGS BANKS TRANSITION ECONOMIES TRANSPORT URBAN DEVELOPMENT MORTGAGES CREDIT TRANSACTIONS LOANS LENDING GUARANTEES METHODOLOGY HOUSEHOLDS TRANSACTION COSTS SUBSIDIES URBAN DEVELOPMENT
Online Access:	http://documents.worldbank.org/curated/en/2003/05/2360828/comparing-mortgage-credit-risk-policies-options-based-approach http://hdl.handle.net/10986/18180

Internet

http://documents.worldbank.org/curated/en/2003/05/2360828/comparing-mortgage-credit-risk-policies-options-based-approach
http://hdl.handle.net/10986/18180

Cannot write session to /tmp/vufind_sessions/sess_22juthggl23qib2c8876k9h3ds