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Real Estate Markets and Lending : Does Local Growth Fuel Risk?

Title data

Zurek, Maximilian:
Real Estate Markets and Lending : Does Local Growth Fuel Risk?
In: Journal of Financial Services Research. (3 September 2021) .
ISSN 1573-0735
DOI: https://doi.org/10.1007/s10693-021-00358-9

Official URL: Volltext

Project information

Project financing: Wissenschaftsförderung der Sparkassen-Finanzgruppe e.V.

Abstract in another language

Real estate price growth affects credit risk for several reasons: it provides input for economic forecasts as it’s closely tied to economic growth; when used as collateral by banks, rising real estate prices may decrease both expected and actual losses; and banks may become less risk averse in lending practices in the presence of rising property prices. Therefore, we analyze these effects on loan portfolios’ estimated and realized risks on a local level. Using data of 390 German savings banks, however, we find that real estate prices have little or no impact on savings banks’ credit portfolio risk or risk precautions.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: Lending risk; Regional banks; Collateral; Real estate markets
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration I, Finance and Banking Management > Chair Business Administration I, Finance and Banking Management - Univ.-Prof. Dr. Klaus Schäfer
Faculties
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration I, Finance and Banking Management
Result of work at the UBT: Yes
DDC Subjects: 300 Social sciences > 330 Economics
Date Deposited: 30 Oct 2021 21:00
Last Modified: 02 Nov 2021 06:33
URI: https://eref.uni-bayreuth.de/id/eprint/67646