03708nam 2200673 450 991046401020332120170817212540.01-4623-0535-01-4527-9953-91-4518-6967-397866128406161-282-84061-4(CKB)3170000000055015(EBL)1607851(SSID)ssj0000944006(PQKBManifestationID)11501262(PQKBTitleCode)TC0000944006(PQKBWorkID)10982725(PQKB)11579526(OCoLC)815741252(MiAaPQ)EBC1607851(EXLCZ)99317000000005501520140225h20082008 uy 0engur|n|---|||||txtccrCredit booms and lending standards evidence from the subprime mortgage market /Giovanni Dell'Ariccia, Deniz Igan, and Luc Laeven[Washington, District of Columbia] :International Monetary Fund,2008.©20081 online resource (39 p.)IMF Working PapersIMF working paper ;WP/08/106Description based upon print version of record.1-4519-1421-0 Includes bibliographical references.Contents; I. Introduction; II. Related Literature; III. Data and Descriptive Statistics; IV. Empirical Methodology; V. Empirical Findings; A. Effects of Changes in the Pool of Applicant Borrowers; B. Identification and Robustness Issues; C. Sensitivity Analysis: Time and Size Effects; D. Effects of Entry and Changes in Market Structure; E. Alternative Proxies for Lending Standards; F. Effects of Loan Sales; VI. Discussion and Conclusions; References; Tables; 1. Coverage in HMDA; 2. Definitions and Sources of Variables; 3. Summary Statistics; 4. Evolution of Denial Rates5. Determinants of Denial Decision6. Prediction Errors; 7. Robustness; 8. Time and Size Effects; 9. Market and Boom Size; 10. Market Entry and Denial Rates of Incumbents in Prime and Subprime Markets; 11. Alternative Measures of Lending Standards; 12. Securitization, Lending Standards, and Mortgage Market Expansion; Figures; 1. House Prices and Credit Booms; 2. Subprime Mortgage Boom Across the Nation; 3. House Prices and Credit Boom; 4. Lending Standards and Subprime Credit BoomThis paper links the current sub-prime mortgage crisis to a decline in lending standards associated with the rapid expansion of this market. We show that lending standards declined more in areas that experienced larger credit booms and house price increases. We also find that the underlying market structure mattered, with entry of new, large lenders triggering declines in lending standards by incumbent banks. Finally, lending standards declined more in areas with higher mortgage securitization rates. The results are consistent with theoretical predictions from recent financial accelerator modeIMF Working PapersCreditUnited StatesCreditUnited StatesEconometric modelsMoral hazardUnited StatesEconometric modelsElectronic books.CreditCreditEconometric models.Moral hazardEconometric models.332.70973Dell'Ariccia Giovanni283573Igan Deniz873077Laeven Luc887526MiAaPQMiAaPQMiAaPQBOOK9910464010203321Credit booms and lending standards2273590UNINA04045nam 2200685Ia 450 991078042700332120230721023433.01-282-35290-397866123529040-300-15651-010.12987/9780300156515(CKB)2420000000001394(StDuBDS)AH23050120(SSID)ssj0000347032(PQKBManifestationID)11266192(PQKBTitleCode)TC0000347032(PQKBWorkID)10328554(PQKB)11342275(MiAaPQ)EBC3420564(DE-B1597)486217(OCoLC)609895157(DE-B1597)9780300156515(Au-PeEL)EBL3420564(CaPaEBR)ebr10348461(CaONFJC)MIL235290(OCoLC)923594572(EXLCZ)99242000000000139420090715d2009 uy 0engurcn|||||||||txtccrThe genteel tradition in American philosophy[electronic resource] and Character and opinion in the United States /George Santayana ; edited and with an introduction by James Seaton ; with essays by Wilfred M. McClay ... [et al.]New Haven Yale University Pressc20091 online resource (256 p.)Rethinking the Western traditionBibliographic Level Mode of Issuance: Monograph0-300-11665-9 Includes bibliographical references and index.Frontmatter -- Contributors -- Contents -- A Note on the Texts -- Introduction -- The Genteel Tradition in American Philosophy -- Preface -- Chapter I: The Moral Background -- Chapter II: The Academic Environment -- Chapter III: William James -- Chapter IV: Josiah Royce -- Chapter V: Later Speculations -- Chapter VI: Materialism and Idealism in American Life -- Chapter VII: English Liberty in America -- The Unclaimed Legacy of George Santayana -- Understanding America -- The Genteel Tradition and English Liberty -- Mental Hygiene and Good Manners -- IndexThis book brings together two seminal works by George Santayana, one of the most significant philosophers of the twentieth century: Character and Opinion in the United States, which stands with Tocqueville's Democracy in America as one the most insightful works of American cultural criticism ever written, and "The Genteel Tradition in American Philosophy," a landmark text of both philosophical analysis and cultural criticism. An introduction by James Seaton situates Santayana in the intellectual and cultural context of his own time. Four additional essays include John Lachs on the ways Santayana's understanding of "the soul of America" help explain the relative peace among nationalities and ethnic groups in the United States; Wilfred M. McClay on Santayana's life of the mind as it relates to dominant trends in American culture; Roger Kimball on Santayana's "most uncommon benefice, common sense"; and James Seaton on Santayana's distinction between "English liberty" and "fierce liberty." All the essays serve to highlight the relevance of Santayana's ideas to current issues in American culture, including education, immigration, and civil rights. Rethinking the Western tradition.National characteristics, AmericanPhilosophy, American19th centuryUnited StatesCivilization1865-1918National characteristics, American.Philosophy, American973Santayana George1863-1952.191013Seaton James1944-1467709McClay Wilfred M957485Santayana George1863-1952.191013MiAaPQMiAaPQMiAaPQBOOK9910780427003321The genteel tradition in American philosophy3678489UNINA