García Montalvo, José; Raya, Josep M.(Springer, 2022)
The foreclosure crisis associated with the banking crisis transformed banks in the hardest-hit countries into real estate brokers. The main novelty of this paper is to study banks as sellers of their own foreclosed properties ...
Cuadras Morató, Xavier; Raya, Josep M.(2014-07-01)
Do political tensions affect economic relations? In particular, does politics significantly
affect consumer choices? Firms are often threatened by consumer boycotts that
pretend to modify their business strategies and ...
The introduction of limits or regulatory penalties on high LTV ratios for residential mortgages is one of the most frequently used tools of macroprudential policy. The available evidence seems to indicate that this instrument ...
We analyze the determinants of real estate and credit bubbles using a unique borrower-lender matched dataset on mortgage loans in Spain. The dataset contain real estate credit and price conditions (loan principal and spread, ...
Garcia Montalvo, José; Piolatto, Amedeo; Raya, Josep M.(2019-03-01)
We model the behaviour of a buyer trying to evade the real estate transfer tax. We identify over-appraisal as a key, easily-observable element that is inversely related with tax evasion. We conclude that the tax authority ...
