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dc.contributor.authorAddison-Smyth, Diarmaid
dc.contributor.authorMcQuinn, Kieran
dc.contributor.authorO'Reilly, Gerard
dc.date.accessioned2011-08-17T13:17:47Z
dc.date.available2011-08-17T13:17:47Z
dc.date.issued2009
dc.identifier.citationAddison-Smyth, Diarmaid; McQuinn, Kieran; O'Reilly, Gerard. 'Modelling credit in the Irish mortgage market'. - Economic & Social Review, Vol. 40, No. 4, Winter, 2009, pp. 371?392, Dublin: Economic & Social Research Institute
dc.identifier.issn0012-9984
dc.identifier.otherJEL R21
dc.identifier.otherJEL R31
dc.identifier.otherJEL D14
dc.identifier.urihttp://hdl.handle.net/2262/58755
dc.description.abstractThe sharp decline in the performance of international property markets has been central to the financial distress experienced globally. The Irish housing market experienced particularly strong rates of price increases and heightened activity levels by OECD standards. One reason cited for such large price increases has been the significant degree of financial liberalisation experienced by Irish credit institutions. The culmination of much of this liberalisation resulted in large increases in the availability of mortgage credit. In this paper we apply a recently developed model of mortgage credit and examine the implications for Irish house prices of changes in lending patterns. Our results suggest that post 2003, a significant amount of the increase in Irish prices was determined by innovative developments in international finance, which enabled Irish institutions, in particular, to secure alternative sources of lending funds.en
dc.language.isoen
dc.publisherEconomic & Social Studies
dc.relation.ispartofVol.XX, No. XX, Issue, Year
dc.sourceEconomic & Social Reviewen
dc.subjectHousing marketen
dc.subjectMortgagesen
dc.subjectIrelanden
dc.subjectHouse pricesen
dc.titleModelling credit in the Irish mortgage market
dc.typeJournal Article
dc.publisher.placeDublinen


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