The Housing Boom and Bust in Spain: Impact of the Securitisation Model and Dynamic Provisioning
AbstractIn this paper we explore some lessons from the Spanish housing boom and the incipient bust from the point of view of the usefulness of the regulatory approach, with particular regard to dynamic provisions and the regulatory treatment of securitisation. First, we describe the main features of the recent housing cycle. Secund, we summarize the Spanish securitisation model. Third, we deal with dynamic provisions and in the last section, we present some conclusions.
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Bibliographic InfoPaper provided by BBVA Bank, Economic Research Department in its series Working Papers with number 0806.
Length: 14 pages
Date of creation: Sep 2008
Date of revision:
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- Santiago FernÃƒÂ¡ndez de Lis & Alicia Garcia-Herrero, 2010. "Dynamic Provisioning : Some Lessons from Existing Experiences," Finance Working Papers 21882, East Asian Bureau of Economic Research.
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