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SUMMARY:The Demand and Supply of Mortgage Fixation Periods. Managing Inter
 est Rate Risk and Credit Risk in a Low Rate Environment
DTSTART:20151126T120000
DTEND:20151126T130000
DTSTAMP:20260919T153950Z
UID:dc7923e004ca72f42c3ccbe26a5f8fceff9296bb3cd4cdf00c05a1be
CATEGORIES:Conferences - Seminars
DESCRIPTION:Catherine KOCH (Bank for International Settlements)\nWe disent
 angle the demand and supply determinants of mortgage rate fixation periods
 . Our unique dataset features offers from multiple banks for each individu
 al mortgage request. We show that households respond to the relative cost 
 of different fixation periods. However\, we also find that banks drive the
  empirical evidence that more vulnerable households are associated with lo
 nger fixation periods. This finding contrasts with the existing literature
  which interprets this as the households’ choice. We demonstrate how ban
 ks influence fixation periods through several channels to trade off intere
 st rate risk against credit risk\, and we find that banks’ choices depen
 d on both bank and household characteristics\, as well on the interbank ma
 rket environment. 
LOCATION:UNIL\, Extranef\, room 118 https://planete.unil.ch/plan/?local=EX
 T-118.1
STATUS:CANCELLED
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