dc.contributor.author | Karapetyan, Artashes | |
dc.date.accessioned | 2018-08-02T13:22:55Z | |
dc.date.available | 2018-08-02T13:22:55Z | |
dc.date.issued | 2011 | |
dc.identifier.isbn | 978-82-7553-626-4 | |
dc.identifier.issn | 1504-2596 | |
dc.identifier.uri | http://hdl.handle.net/11250/2507322 | |
dc.description.abstract | Motivated by alternative explanations of the financial crisis (e.g., Acharya and Richardson, 2010; Taylor, 2007), I study, first, repercussions between house price growth and household credit growth in Norway, and second, I analyse the impact of expansionary monetary policy on measures of bank portfolio risk (the risk-taking channel). Using aggregate quarterly data from 1979Q1 to 2010Q3, I find evidence of two-way causality between house price growth and household credit growth, but I find no evidence for the bank risk-taking channel: low key policy rates do not seem to have induced a higher share of troubled loans nor increased our measure of banks’ riskiness. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | Norges Bank | nb_NO |
dc.relation.ispartofseries | Staff Memo;13/2011 | |
dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/deed.no | * |
dc.subject | JEL: E44 | nb_NO |
dc.subject | JEL: E50 | nb_NO |
dc.subject | JEL: E51 | nb_NO |
dc.subject | JEL: G01 | nb_NO |
dc.subject | JEL: G21 | nb_NO |
dc.subject | house prices | nb_NO |
dc.subject | household credit | nb_NO |
dc.subject | risk-taking | nb_NO |
dc.subject | money and credit | nb_NO |
dc.title | Credit, House Prices, and Risk Taking by Banks in Norway | nb_NO |
dc.type | Working paper | nb_NO |
dc.subject.nsi | VDP::Samfunnsvitenskap: 200::Økonomi: 210 | nb_NO |
dc.source.pagenumber | 32 | nb_NO |