Information or Persuasion in the Mortgage Market: The Role of Brand Names
In: Bank of Italy Temi di Discussione (Working Paper) No. 1340
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In: Bank of Italy Temi di Discussione (Working Paper) No. 1340
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In: Bank of Italy Temi di Discussione (Working Paper) No. 1051
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Working paper
In: Bank of Italy Occasional Paper No. 752
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In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 39, Heft 1, S. 147-168
ISSN: 0161-8938
In: Journal of policy modeling: JPMOD ; a social science forum of world issues
ISSN: 0161-8938
In: Bank of Italy Temi di Discussione (Working Paper) No. 1334
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In: CEPR Discussion Paper No. DP15276
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Working paper
We identify the relative importance for bank lending of borrower (demand-side) versus bank (supply-side) factors. We submit thousands of fictitious mortgage applications, changing one borrower-level factor at time, to the major Italian online mortgage platform. Each application goes to all banks. Borrower and bank factors are equally strong in causing and explaining loan acceptance. For pricing, borrower factors are instead stronger. Moreover, banks supplying less credit accept riskier borrowers. Exploiting the administrative credit register, there is borrower-lender assortative matching, and the bank-level strength measure estimated on the experimental data is associated to credit supply and risk-taking to real firms. ; This project has received funding from the European Research Council (ERC) under the European Union's Horizon 2020 research and innovation programme (grant agreement No 648398). Peydró also acknowledges financial support from the PGC2018-102133-B-I00 (MCIU/AEI/FEDER, UE) grant and from the Spanish Ministry of Science and Innovation, through the Severo Ochoa Programme for Centres of Excellence in R&D (CEX2019-000915-S)
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In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 44, Heft 2, S. 396-417
ISSN: 0161-8938
In: Bank of Italy Occasional Paper No. 639
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In: Bank of Italy Temi di Discussione (Working Paper) No. 1338
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In: Bank of Italy Occasional Paper No. 500, June 2019
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Working paper
In: Bank of Italy Occasional Paper No. 583
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Working paper
In: Bank of Italy Occasional Paper No. 736
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In: NBER Working Paper No. w19034
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