Securitization, collateral constraints and consumption risk sharing in the euro area

C-Tier
Journal: Economics Letters
Year: 2010
Volume: 106
Issue: 3
Pages: 197-199

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Scarcity of housing collateral is associated with lower credit volumes and hence decreases consumption risk sharing among seven euro area countries in the time period from 1987Q1 to 2007Q4. At the same time, securitization improves risk sharing but does not seem to outweigh the collateral scarcity effect.

Technical Details

RePEc Handle
repec:eee:ecolet:v:106:y:2010:i:3:p:197-199
Journal Field
General
Author Count
1
Added to Database
2026-01-26