Italian mortgage markets and their dynamics

Simone Landini, Mariacristina Uberti and Simone Casellina

Mathematics and Computers in Simulation (MATCOM), 2015, vol. 108, issue C, 245-259

Abstract: This paper deepens previous studies on the analysis of the fixed (FRMs) and adjustable rate mortgages (ARMs) dynamics and the interconnections between FRMs and ARMs markets. In particular, an econometric analysis on the Italian mortgage markets series from 1997:q1 to 2012:q3 is set up by involving the VAR estimation technique. Very interesting results are achieved to point out how the effects of the European Central Bank control on the Euribor transmit (i) to the behavior of interest rates term structure as well as (ii) to interest rates of contracts involved in different technical forms offered in the Italian mortgage markets.

Keywords: Mortgage market; Price fluctuations; Market interactions; Adjustable and fixed rate mortgage; Italian markets (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0378475414001074
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:matcom:v:108:y:2015:i:c:p:245-259

DOI: 10.1016/j.matcom.2014.04.005

Access Statistics for this article

Mathematics and Computers in Simulation (MATCOM) is currently edited by Robert Beauwens

More articles in Mathematics and Computers in Simulation (MATCOM) from Elsevier
Bibliographic data for series maintained by Catherine Liu ().