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The Danish mortgage market

Author

Listed:
  • Allen Frankel
  • Jacob Gyntelberg
  • Kristian Kjeldsen
  • Mattias Persson

Abstract

As housing finance evolves, are there reasons to follow the Danish model?

Suggested Citation

  • Allen Frankel & Jacob Gyntelberg & Kristian Kjeldsen & Mattias Persson, 2004. "The Danish mortgage market," BIS Quarterly Review, Bank for International Settlements, March.
    • Handle: RePEc:bis:bisqtr:0403h
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    References listed on IDEAS

    as
    1. John Y. Campbell & João F. Cocco, 2003. "Household Risk Management and Optimal Mortgage Choice," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(4), pages 1449-1494.
    2. Wayne Passmore, 2003. "The GSE implicit subsidy and value of government ambiguity," Finance and Economics Discussion Series 2003-64, Board of Governors of the Federal Reserve System (U.S.).
    3. Roberto Perli & Brian P. Sack, 2003. "Does mortgage hedging amplify movements in long-term interest rates?," Finance and Economics Discussion Series 2003-49, Board of Governors of the Federal Reserve System (U.S.).
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Jäger, Manfred & Voigtländer, Michael, 2006. "Immobilienfinanzierung: Hypothekenmärkte und ihre gesamtwirtschaftliche Bedeutung," IW-Analysen, Institut der deutschen Wirtschaft (IW) / German Economic Institute, volume 22, number 22.
    2. Richard K. Green & Susan M. Wachter, 2005. "The American Mortgage in Historical and International Context," Journal of Economic Perspectives, American Economic Association, vol. 19(4), pages 93-114, Fall.
    3. Patel, Nimesh & Daglish, Toby, 2011. "Fixed come hell or high water? Selection and prepayment of fixed rate mortgages outside the US," Working Paper Series 4107, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    4. Anne Pedersen & Alex Weissensteiner & Rolf Poulsen, 2013. "Financial planning for young households," Annals of Operations Research, Springer, vol. 205(1), pages 55-76, May.
    5. William R. White, 2007. "The housing finance revolution: commentary," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 69-84.
    6. Guy Debelle, 2004. "Macroeconomic implications of rising household debt," BIS Working Papers 153, Bank for International Settlements.
    7. repec:vuw:vuwscr:19215 is not listed on IDEAS
    8. Patel, Nimesh & Daglish, Toby, 2011. "Fixed come hell or high water? Selection and prepayment of fixed rate mortgages outside the US," Working Paper Series 19215, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    9. Hancock Diana & Passmore Wayne, 2009. "Three Initiatives Enhancing the Mortgage Market and Promoting Financial Stability," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 9(3), pages 1-25, March.
    10. Kourosh Rasmussen & Claus Madsen & Rolf Poulsen, 2014. "Can home-owners benefit from stochastic programming models? A study of mortgage choice in Denmark," Computational Management Science, Springer, vol. 11(1), pages 5-23, January.
    11. Ms. Luisa Zanforlin & Marco A Espinosa-Vega, 2008. "Housing Finance and Mortgage-Backed Securities in Mexico," IMF Working Papers 2008/105, International Monetary Fund.
    12. Jesper Berg & Morten Bækmand Nielsen & James Vickery, 2018. "Peas in a pod? Comparing the U.S. and Danish mortgage finance systems," Economic Policy Review, Federal Reserve Bank of New York, issue 24-3, pages 63-87.
    13. Jensen, Bjarne Astrup, 2005. "On a class of adjustable rate mortgage loans subject to a strict balance principle," Working Papers 2004-11, Copenhagen Business School, Department of Finance.
    14. Jens Dick-Nielsen & Jacob Gyntelberg, 2019. "Highly Liquid Mortgage Bonds Using the Match Funding Principle," Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 10(01), pages 1-37, December.
    15. Jens Dick-Nielsen & Jacob Gyntelberg & Thomas Sangill, 2012. "Liquidity in Government versus Covered Bond Markets," BIS Working Papers 392, Bank for International Settlements.
    16. Luci Ellis, 2010. "The Housing Meltdown: Why Did It Happen in the United States?," International Real Estate Review, Global Social Science Institute, vol. 13(3), pages 351-394.
    17. Ran Sun Lyng & Jie Zhou, 2023. "Household portfolio choice before and after a house purchase," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 51(6), pages 1376-1398, November.

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    More about this item

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • L89 - Industrial Organization - - Industry Studies: Services - - - Other

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