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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:20160209T120000
DTEND:20160209T130000
DTSTAMP:20260916T052754Z
UID:a9409a9a322f4297f7d7c86c2e5c206597e95211f3e5dc278c639e26
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 126 https://planete.unil.ch/plan/?local=EX
 T-126
STATUS:CONFIRMED
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