The Housing Boom and Bust in Spain: Impact of the Securitisation Model and Dynamic Provisioning

Alicia Garcia-Herrero and Santiago Fernandez de Lis
Authors registered in the RePEc Author Service: Alicia Garcia Herrero

No 806, Working Papers from BBVA Bank, Economic Research Department

Abstract: In this paper we explore some lessons from the Spanish housing boom and the incipient bust from the point of view of the usefulness of the regulatory approach, with particular regard to dynamic provisions and the regulatory treatment of securitisation. First, we describe the main features of the recent housing cycle. Secund, we summarize the Spanish securitisation model. Third, we deal with dynamic provisions and in the last section, we present some conclusions.

Pages: 14 pages
Date: 2008-09
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Citations: View citations in EconPapers (13)

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