Cultural advice

The Australian National University acknowledges, celebrates and pays our respects to the Ngunnawal and Ngambri people of the Canberra region and to all First Nations Australians on whose traditional lands we meet and work, and whose cultures are among the oldest continuing cultures in human history.

Aboriginal and Torres Strait Islander peoples are advised that ANU Library collections may include images, names, voices, and other representations of deceased persons.

Material in the collection may contain terms, language or views that reflect the period in which the item was created and may be considered inappropriate today.

Mortgage Choice Determinants: The Role of Risk and Bank Regulation

Simple item page
dc.contributor.authorDungey, Mardi
dc.contributor.authorDoko Tchatoka, Firmin
dc.contributor.authorWells, Graeme
dc.contributor.authorYanotti, Maria
dc.date.accessioned2016-06-14T23:20:49Z
dc.date.issued2015
dc.date.updated2016-06-14T08:53:27Z
dc.description.abstractWe shed new light on the role of borrower characteristics in mortgage product choice, and how these are impacted by regulatory capital requirements. Using rich loan-level data from the Australian market, we analyse the borrower idiosyncratic risk effects on the choice between variable-rate mortgages and other mortgages with reduced initial payments. We find that income, wealth and mobility risks play a role in product choice. We investigate regulatory capital requirements in a market where banks hold mortgage risk on balance sheet and find that the Basel capital discounts based on loan-to-valee ratios divide otherwise similar borrowers in their mortgage choices.
dc.identifier.issn0013-0249
dc.identifier.urihttp://hdl.handle.net/1885/103563
dc.publisherBlackwell Publishing Ltd
dc.sourceThe Economic Record
dc.titleMortgage Choice Determinants: The Role of Risk and Bank Regulation
dc.typeJournal article
local.bibliographicCitation.issue295
local.bibliographicCitation.lastpage437
local.bibliographicCitation.startpage417
local.contributor.affiliationDungey, Mardi, College of Asia and the Pacific, ANU
local.contributor.affiliationDoko Tchatoka, Firmin, University of Adelaide
local.contributor.affiliationWells, Graeme, University of Tasmania
local.contributor.affiliationYanotti, Maria, University of Tasmania
local.contributor.authoruidDungey, Mardi, u9402571
local.description.embargo2037-12-31
local.description.notesImported from ARIES
local.identifier.absfor140210 - International Economics and International Finance
local.identifier.ariespublicationU3488905xPUB8413
local.identifier.citationvolume91
local.identifier.doi10.1111/1475-4932.12205
local.identifier.scopusID2-s2.0-84949190878
local.type.statusPublished Version

Downloads

Original bundle

Now showing 1 - 1 of 1
Thumbnail Image
Name:
01_Dungey_Mortgage_Choice_Determinants%3A_2015.pdf
Size:
194.26 KB
Format:
Adobe Portable Document Format
Download

Collections

ANU Research Publications

DSpace software copyright © 2002-2026 LYRASIS