Bank Real Estate And The New England Capital Crunch
AbstractThe stock of real estate loans held by New England Banks has declined dramatically. Given the limited potential for real estate investments, weak demand for real estate loans is to be expected. However supply as well as demand for real estate factors may account for some of the decline in bank real estate loan. This paper documents that the bank lending only for real estate may have been constrained by a capital crunch, whereby poorly capitalized banks shrank their asset, including real estate loans, to satisfy capital requirements. Because the loss of bank capital is so widespread in New England, bank dependent borrowers may have difficulty obtaining real estate financing.
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Bibliographic InfoPaper provided by Boston College Department of Economics in its series Boston College Working Papers in Economics with number 246.
Date of creation: Dec 1993
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Postal: Boston College, 140 Commonwealth Avenue, Chestnut Hill MA 02467 USA
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- Allen N. Berger & Margaret K. Kyle & Joseph M. Scalise, 2000.
"Did U.S. Bank Supervisors Get Tougher During the Credit Crunch? Did They Get Easier During the Banking Boom? Did It Matter to Bank Lending?,"
NBER Working Papers
7689, National Bureau of Economic Research, Inc.
- Allen N. Berger & Margaret K. Kyle & Joseph M. Scalise, 2001. "Did U.S. Bank Supervisors Get Tougher during the Credit Crunch? Did They Get Easier during the Banking Boom? Did It Matter to Bank Lending?," NBER Chapters, in: Prudential Supervision: What Works and What Doesn't, pages 301-356 National Bureau of Economic Research, Inc.
- Allen N. Berger & Margaret K. Kyle & Joseph M. Scalise, 2000. "Did U.S. bank supervisors get tougher during the credit crunch? Did they get easier during the banking boom? Did it matter to bank lending?," Finance and Economics Discussion Series 2000-39, Board of Governors of the Federal Reserve System (U.S.).
- Geoffrey M. B. Tootell, 1996. "Can studies of application denials and mortgage defaults uncover taste-based discrimination?," Working Papers 96-10, Federal Reserve Bank of Boston.
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