Europe may provide lessons on preventing mortgage defaults
Leonardo Martinez and
The Regional Economist, 2013, issue July
During the last global recession, house prices fell in some European countries almost as much as in some U.S. states. However, mortgage defaults occurred at a much lower rate in Europe. The authors say the difference might be explained by two regulations that apply in Europe but are used on a limited or much less restrictive basis in the U.S.
Keywords: Europe; Mortgage loans; Default (Finance) (search for similar items in EconPapers)
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