IDEAS home Printed from https://ideas.repec.org/p/ucn/wpaper/198204.html
   My bibliography  Save this paper

Non-interest credit rationing in the UK mortgage market

Author

Listed:
  • Joseph G. Nellis
  • Rodney Thom

Abstract

UK data is used to test the hypothesis that non-interest terms adjust to clear the mortgage market when the mortgage rate is sluggish in adjusting to its market equilibrating level. This hypothesis is not supported by the data. An alternative approach is suggested and conjectures that non-interest terms are varied so as to discriminate among borrowers, satisfying some but leaving the market not cleared. Empirical tests offer support for the alternative approach.

Suggested Citation

  • Joseph G. Nellis & Rodney Thom, 1982. "Non-interest credit rationing in the UK mortgage market," Working Papers 198204, School of Economics, University College Dublin.
    • Handle: RePEc:ucn:wpaper:198204
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10197/1397
    File Function: First version, 1982
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ucn:wpaper:198204. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Nicolas Clifton (email available below). General contact details of provider: https://edirc.repec.org/data/educdie.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.