Bank Competition, Risk Taking, and their Consequences: Evidence from the U.S. Mortgage and Labor Markets

Bank Competition, Risk Taking, and their Consequences: Evidence from the U.S. Mortgage and Labor Markets
Bank competition can induce excessive risk taking due to risk shifting. This paper tests this hypothesis using micro-level U.S. mortgage data by exploiting the exogenous variation in local house price volatility. The paper finds that, in response to high expected house price volatility, banks in U.S. counties with a competitive mortgage market... READ MORE...

Publication date: July 2018
ISBN 9781484364024
$18.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

Paperback

Publication date: July 2018

PDF

Publication date: July 2018

ePub

Publication date: July 2018

Mobi

Publication date: July 2018

English