The Housing Boom and Bust in Spain: Impact of the Securitisation Model and Dynamic Provisioning

BBVA Working Paper No. 0808

Housing Finance International, September 2008

15 Pages Posted: 2 Aug 2010

See all articles by Alicia García-Herrero

Alicia García-Herrero

Bruegel; Hong Kong University of Science & Technology (HKUST) - HKUST Institute for Emerging Market Studies (IEMS); Natixis

Santiago Fernandez de Lis

KU Leuven - International Department Afi

Date Written: September 1, 2008

Abstract

In this paper we explore some lessons from the Spanish housing boom and the incipient bust from the point of view of the usefulness of the regulatory approach, with particular regard to dynamic provisions and the regulatory treatment of securitisation. First, we describe the main features of the recent housing cycle. Second, we summarize the Spanish securitisation model. Third, we deal with dynamic provisions and in the last section, we present some conclusions.

Suggested Citation

Garcia-Herrero, Alicia and Fernandez de Lis, Santiago, The Housing Boom and Bust in Spain: Impact of the Securitisation Model and Dynamic Provisioning (September 1, 2008). BBVA Working Paper No. 0808, Housing Finance International, September 2008, Available at SSRN: https://ssrn.com/abstract=1440478

Alicia Garcia-Herrero (Contact Author)

Bruegel ( email )

Rue de la Charité 33
B-1210 Brussels Belgium, 1210
Belgium

Hong Kong University of Science & Technology (HKUST) - HKUST Institute for Emerging Market Studies (IEMS) ( email )

IAS 2019, Lo Ka Chung Building,
Lee Shau Kee Campus, HKUST
Clear Water Bay, Kowloon
Hong Kong

Natixis ( email )

France

Santiago Fernandez de Lis

KU Leuven - International Department Afi ( email )

Netherlands

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