Link to the University of Pittsburgh
Link to the University Library SystemContact us link
AEI Banner

The Financial Crisis and the Changing Profile of Mortgage Arrears in Ireland. ESRI Research Notes 2014/4/2

Fahy, Mike and O’Toole, Conor and Slaymaker, Rachel (2018) The Financial Crisis and the Changing Profile of Mortgage Arrears in Ireland. ESRI Research Notes 2014/4/2. UNSPECIFIED.

[img] PDF - Published Version
Download (474Kb)

    Abstract

    Understanding which households go into mortgage arrears during both boom and bust periods in Ireland is of critical importance to ensure suitable policies are deployed to safeguard future financial stability. Many of the difficulties in Ireland arose from the loosening of underwriting standards by financial institutions. This led to excessive household leverage ratios and provided households with limited buffers with which to absorb shocks (McCarthy and McQuinn, 2017; Lydon and McCann, 2017). The joint effects of labour market difficulties and large falls in house prices led to a situation where nearly one-in-five mortgage loans was in arrears at the height of the crisis (McCarthy, 2014).

    Export/Citation:EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL
    Social Networking:
    Share |
    Item Type: Other
    Subjects for non-EU documents: Countries > Ireland
    EU policies and themes > Policies & related activities > economic and financial affairs > general
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Economic and Social Research Institute (ESRI), Dublin > ESRI Research Notes
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 04 Jan 2020 14:57
    Number of Pages: 16
    Last Modified: 04 Jan 2020 14:57
    URI: http://aei.pitt.edu/id/eprint/102018

    Actions (login required)

    		 View Item

    Document Downloads