Search Results

No results found.

(refine search)
SORT BY: PREVIOUS / NEXT
Author:Wiggers, Tyler 

Report
Defaults and losses on commercial real estate bonds during the Great Depression era

We employ a unique data set of public commercial real estate (CRE) bonds issued during the Great Depression era (1920-32) to determine their frequency of default and total loss given default. Default rates on these bonds far exceeded those originated in subsequent periods, driven in part by the greater economic stress of the Depression as well as the lower level of financial sophistication of investors and structures that prevailed in 1920-32. Our results confirm that making loans with higher loan-to-value ratios results in higher rates of default and loss. They also support the business ...
Staff Reports , Paper 544

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

Report 1 items

FILTER BY Author

FILTER BY Keywords

PREVIOUS / NEXT