Can the characteristics of new mortgages predict borrowers’ financial stress? Insights from the 2014 oil price decline
Ken Chow and
No 2021-22, Staff Analytical Notes from Bank of Canada
We study the relationship between characteristics of new mortgages and borrowers’ financial stress in Canada’s energy-intensive regions following the 2014 collapse in oil prices. We find that borrowers with limited home equity were more likely to have difficulty repaying debt.
Keywords: Credit and credit aggregates; Econometric and statistical methods; Financial stability; Housing (search for similar items in EconPapers)
JEL-codes: C25 D14 G51 R21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ene, nep-isf and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocsan:21-22
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