We present an analysis of the sensitivity of household mortgage probabilities of default (PDs) and loss given default (LGDs) on unemployment rates, house price

How has European Private Law responded to the property and mortgage markets crisis? And in what way is this reaction likely to model domestic systems? The finan

CM became a popular borrowing instrument during the bullish housing market of the early 2000s but vanished rapidly during the subsequent downturn. These non-tra

Concerns about excessive variability in bank risk weights have prompted their review by regulators. This paper provides prima facie evidence on the extent of ri

The events of the past six months have demonstrated the fragility of the global financial system and raised fundamental questions about the effectiveness of the