De Economist

, Volume 154, Issue 4, pp 587–600 | Cite as

Competition in the Dutch Mortgage Market

  • Elmer Sterken
Notes and Communications


Interest Rate Mortgage Loan Mortgage Market Housing Wealth Loan Market 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Allen M., Rutherford R., Wiley M. (1999) ‘The relationships between mortgage rates and capital-market rates under alternative market conditions’. The Journal of Real Estate Finance and Economics, 19, 211–221CrossRefGoogle Scholar
  2. Bernanke B., Gertler M. (1989) ‘Agency costs, net worth and business fluctuations’. The American Economic Review, 79, 14–31Google Scholar
  3. Bikker J. (2003) ‘Testing for imperfect competition on the EU deposit and loan markets with Bresnahans market power model’. Kredit und Kapital, 36:167–212Google Scholar
  4. Bikker J. (2004) Competition and Efficiency in a Unified European Banking Market. Edward Elgar, CheltenhamGoogle Scholar
  5. Bikker J., Haaf K. (2002) ‘Competition, concentration and their relationship: an empirical analysis of the banking industry’. Journal of Banking and Finance, 26:2191–2214CrossRefGoogle Scholar
  6. Butter F., den A., Dongelmans, Fase M. (1977) ‘De vraag naar hypothecair krediet en de rentevorming op de hypotheekmarkt’. De Economist, 125, 43–74CrossRefGoogle Scholar
  7. Carletti, E., P. Hartmann and G. Spagnolo (2002), ‘Implications of the bank merger wave for competition and stability’, In BIS, editor, Risk Measurement and Systematic Risk. Bank of Japan, BIS, ECB, and Federal Reserve Board, Basel.Google Scholar
  8. Carletti, E., P. Hartmann and G. Spagnolo (2006), ‘Bank mergers, competition, and liquidity’, Mimeo, Center for Financial Studies.Google Scholar
  9. Catte, P., N. Girouard, R. Price and C. Andre (2004), ‘Housing Markets, Wealth and the Business Cycle’, Working Paper 394, OECD.Google Scholar
  10. Chirinko, R., L. de Haan and E. Sterken (2004), ‘Asset Price shocks, real expenditures, and financial structure: A multi-country analysis’, Working Paper 14, De Nederlandsche Bank.Google Scholar
  11. Coccorese P. (2005) ‘Competition in markets with dominant firms: A note on the evidence of the Italian banking industry’. Journal of Banking and Finance, 29:1083–1093CrossRefGoogle Scholar
  12. Corvoisier S., Gropp R. (2002) ‘Bank concentration and retail interest rates’. Journal of Banking and Finance, 26:2155–2189CrossRefGoogle Scholar
  13. Degryse H., Ongena S. (2005) ‘Distance, lending relations, and competition’. Journal of Finance, 60, 231–266CrossRefGoogle Scholar
  14. Demsetz H. (1973) ‘Industry structure, market rivalry, and public policy’. Journal of Law and Economics, 16, 1–9CrossRefGoogle Scholar
  15. Dijkhuizen, A. v. (2005), ‘Dutch housing finance market’, Mimeo, BIS.Google Scholar
  16. Frost D., Bowden R. (1999) ‘An asymmetry generator for error-mechanisms, with application to bank mortgage rate dynamics’. Journal of Business and Economic Statistics, 17:253–263CrossRefGoogle Scholar
  17. Group of Ten (2001), ‘Report on consolidation in the financial sector’, Mimeo, BIS,IMF, OECD.Google Scholar
  18. Haan, L. De and E. Sterken (2005), ‘Asymmetric price adjustment in the Dutch mortgage market’, Working Paper 61, De Nederlandsche Bank.Google Scholar
  19. Haan, L. De and E. Sterken (2006), Price leadership in the Dutch mortgage market, Working Paper 102, De Nederlandsche Bank.Google Scholar
  20. Haas, R. De A. Houben, J. Kakes and H. Korthorst (2000), ‘De kredietverlening door Nederlandse banken onder de loep’, Monetaire Monografie 18, De Nederlandsche Bank.Google Scholar
  21. Haney R. (1988) ‘Sticky mortgage rates: Some empirical evidence’. Journal of Real Estate Research, 3, 61–73Google Scholar
  22. Jacobs, J., R. Koning and E. Sterken (2005), ‘Full prepayment of mortgages: The case of WU’, Mimeo, ING Bank.Google Scholar
  23. Kok Sörensen, C. and T. Werner (2006), ‘Bank interest rate pass-through in the euro area: a cross-country comparison’, Working Paper 580, ECB.Google Scholar
  24. Mason E. (1939) ‘Price and production policies of large-scale enerprise’. The American Economic Review, 29, 61–74Google Scholar
  25. Maudos, J. and J. de Guevara (2005), ‘The cost of market power in the European banking sector: social welfare loss versus cost inefficiency’, Mimeo, University of Valencia.Google Scholar
  26. Mojon, B. (2000), ‘Financial structure and the interest rate channel of ECB monetary policy’, Working Paper 40, European Central Bank.Google Scholar
  27. Motta M. (2004) ‘Competition Policy’. Theory and Practice. Cambridge, Cambridge University PressGoogle Scholar
  28. Nederlandse Mededingingsautoriteit (NMa) (2003), ‘Monitor Financiële 2003’, NMa, The Hague.Google Scholar
  29. OECD (2000), ‘Mergers in Financial Services’, DAFFE/CLP report 17, OECD.Google Scholar
  30. Otrok, C. and M. Terrones (2005), ‘House prices, interest rates and macroeconomic fluctuations’, Mimeo, IMF.Google Scholar
  31. Poterba J. (2000) ‘Stock market wealth and consumption’. Journal of Economic Perspectives, 14, 99–118CrossRefGoogle Scholar
  32. Rooij, M. Van (2002), ‘Financial vulnerability of mortgage owners and mortgage lenders’, WO Research Memoranda 706, De Nederlandsche Bank.Google Scholar
  33. Rotemberg J., Saloner G. (1990) ‘Collusive price leadership’. Journal of Industrial Economics, 39, 93–110CrossRefGoogle Scholar
  34. Toolsema, L. (2003), `On Competition and Banking’, PhD thesis, University of Groningen.Google Scholar
  35. Toolsema, L. and J. Jacobs (2007), ‘Why do prices rise faster than they fall? With an application to mortgage rates’, Managerial and Decision Economics, 28, forth-coming.Google Scholar
  36. Tsatsaronis, K. and H. Zhu (2004), ‘What drives housing pricing dynamics: cross-country evidence’, BIS Quarterly Review, 8-March, pp. 65–78.Google Scholar

Copyright information

© Springer Science+Business Media, LLC 2006

Authors and Affiliations

  1. 1.Department of EconomicsUniversity of GroningenGroningenThe Netherlands

Personalised recommendations