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dc.contributor.authorLiu, Benjamin
dc.contributor.authorLi, Donghui
dc.contributor.authorRoca, Eduardo
dc.contributor.editorAkimov, Alexandr
dc.date.accessioned2020-01-16T08:01:20Z
dc.date.available2020-01-16T08:01:20Z
dc.date.issued2009
dc.identifier.issn1836-8123
dc.identifier.otherRePEc:gri:fpaper:finance:200901
dc.identifier.urihttp://hdl.handle.net/10072/390376
dc.description.abstractThis paper empirically examines key factors that may affect mortgage yield spreads of banks and mortgage corporations in Australia, and analyses changes of lender credit policy. Literature and the recent sub-prime crisis suggest that three key factor (lender criteria, funding channel and housing price) are relevant to yield spreads. Using a large unique dataset, this paper is the first to examine these three variables together and relaxation of lender credit criteria. Regression findings suggest that credit criteria, funding channels and housing price changes are significantly associated with yield spreads. The analysis also indicates that lenders considerably relaxed their credit policy for the research period. The findings are consistent with the literature related to each variable and add new evidence to existing research.
dc.format.extent25 pages
dc.languageEnglish
dc.publisherGriffith University
dc.publisher.placeBrisbane, Australia
dc.relation.ispartofpagefrom1
dc.relation.ispartofpageto25
dc.subject.keywordsE43 - Interest Rates: Determination, Term Structure, and Effects
dc.subject.keywordsG21 - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
dc.subject.keywordsCredit policy
dc.subject.keywordsMortgage yield spreads
dc.subject.keywordsMarket default risk
dc.subject.keywordsFunding channel
dc.title2009-01: What Determine Mortgage Yield Spreads in Australia? Credit Criteria, Funding Channels and the Market Condition (Working paper)
dc.typeReport
dc.type.descriptionDiscussion Paper
gro.facultyGriffith Business School
gro.description.notepublicFinance
gro.rights.copyrightCopyright © 2010 by author(s). No part of this paper may be reproduced in any form, or stored in a retrieval system, without prior permission of the author(s).
gro.date.issued2009
gro.hasfulltextFull Text
gro.griffith.authorLiu, Benjamin
gro.griffith.authorRoca, Eduardo D.


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