Zobrazeno 1 - 10
of 15
pro vyhledávání: '"Matteo Benetton"'
Publikováno v:
The Review of Financial Studies. 35:3525-3573
Academics have proposed hybrid products with equity features for the financing of housing. In spite of their risk-sharing benefits these products have not become mainstream. This paper studies an important exception, a UK government scheme which in t
Autor:
Davide Fantino, Matteo Benetton
Publikováno v:
Journal of Financial Economics. 142:404-429
We exploit an allocation rule set by the ECB for the first series of TLTROs to study the effects of targeted monetary policy on banks’ credit supply to firms. Combining transaction-level data from the Italian credit register and an instrumental var
Autor:
Matteo Benetton
Publikováno v:
The Journal of Finance. 76:2997-3053
I develop a structural model of mortgage demand and lender competition to study how leverage regulation affects the U.K. mortgage market. Using variation in risk‐weighted capital requirements across lenders and mortgages with different loan‐to‐
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
We study the role of captive finance in the car loan market when manufacturers' liquidity demand increases. Using a new multi-country dataset on securitized car loans, we show that captive lending enables a liquidity constrained integrated manufactur
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
This paper provides novel evidence on lenders’ mortgage pricing and how central bank policies affected it. Using the universe of mortgages originated in the U.K., we show that lenders seek to segment the market by offering two-part tariffs composed
Publikováno v:
SSRN Electronic Journal.
Most ETFs passively replicate the performance of an index that is constructed and maintained by an index provider. We show that index providers wield strong market power and charge large markups to ETFs, which are passed on to investors through manag
Publikováno v:
Journal of Financial Intermediation. 48:100883
As a result of the Basel II reforms, capital requirements on UK mortgages fell substantially in coincidence with the financial crisis. We exploit a novel, loan-level dataset on within-lender variation in risk-weighted capital requirements and a tripl
Publikováno v:
Beltratti, A; Benetton, M; & Gavazza, A. (2017). The role of prepayment penalties in mortgage loans. Journal of Banking and Finance, 82, 165-179. doi: 10.1016/j.jbankfin.2017.06.004. UC Berkeley: Retrieved from: http://www.escholarship.org/uc/item/43h1b509
© 2017 Elsevier B.V. We study the effect of mortgage prepayment penalties on borrowers’ prepayments and delinquencies by exploiting a 2007 reform in Italy that reduced penalties on outstanding mortgages and banned penalties on newly-issued mortgag