Analysis of cross-country variations in the depth of European mortgage markets

Name: Analysis of cross-country variations in the depth of European mortgage markets
Author: Kutlukaya, M., Erol, Işıl

İsim	Analysis of cross-country variations in the depth of European mortgage markets
Yazar	Kutlukaya, M., Erol, Işıl
Basım Tarihi:	2016-09
Basım Yeri	- Springer Science+Business Media
Konu	Cross sectional regression, Europe, Housing finance, Mortgage lending, Mortgage markets, Panel data analysis, Pooled OLS regression, Variable selection
Tür	Süreli Yayın
Dil	İngilizce
Dijital	Evet
Yazma	Hayır
Kütüphane:	Özyeğin Üniversitesi
Demirbaş Numarası	1573-7772
Kayıt Numarası	d3bb287f-b6da-4811-8192-3b33b586b9ec
Lokasyon	International Finance
Tarih	2016-09
Notlar	Due to copyright restrictions, the access to the full text of this article is only available via subscription.
Örnek Metin	To date, quantitative analysis on the depth of mortgage markets across a broad set of countries has been very limited. This paper uses a rich and balanced data set on 31 European countries to investigate the cross-country variations in the depth of mortgage markets during the period 2005–2012. The present paper might be accepted as the updated and enriched version of existing research for the European region in terms of the coverage of countries, historical data and the empirical analyses. Our empirical findings reveal that developed countries have sizeable residential mortgage markets and this is mainly associated with higher urbanization rates and stronger legal rights. One of the most notable results of this study is that, statistical significance of explanatory variables in modeling the depth of the mortgage markets depends heavily on both the variables, countries (regions) included in the models and the regression methodology used. Hence, we argue that strong conclusions based on such analyses should be avoided and the findings of previous research on the variations of the depth of mortgage markets should be carefully evaluated.
DOI	10.1007/s10901-015-9473-2
Cilt	31

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Analysis of cross-country variations in the depth of European mortgage markets

Yazar Kutlukaya, M., Erol, Işıl

Basım Tarihi 2016-09

Basım Yeri - Springer Science+Business Media

Konu Cross sectional regression, Europe, Housing finance, Mortgage lending, Mortgage markets, Panel data analysis, Pooled OLS regression, Variable selection

Tür Süreli Yayın

Dil İngilizce

Dijital Evet

Yazma Hayır

Kütüphane Özyeğin Üniversitesi

Demirbaş Numarası 1573-7772

Kayıt Numarası d3bb287f-b6da-4811-8192-3b33b586b9ec

Lokasyon International Finance

Tarih 2016-09

Notlar Due to copyright restrictions, the access to the full text of this article is only available via subscription.

Örnek Metin To date, quantitative analysis on the depth of mortgage markets across a broad set of countries has been very limited. This paper uses a rich and balanced data set on 31 European countries to investigate the cross-country variations in the depth of mortgage markets during the period 2005–2012. The present paper might be accepted as the updated and enriched version of existing research for the European region in terms of the coverage of countries, historical data and the empirical analyses. Our empirical findings reveal that developed countries have sizeable residential mortgage markets and this is mainly associated with higher urbanization rates and stronger legal rights. One of the most notable results of this study is that, statistical significance of explanatory variables in modeling the depth of the mortgage markets depends heavily on both the variables, countries (regions) included in the models and the regression methodology used. Hence, we argue that strong conclusions based on such analyses should be avoided and the findings of previous research on the variations of the depth of mortgage markets should be carefully evaluated.

DOI 10.1007/s10901-015-9473-2

Cilt 31