No Reason to Worry About German Mortgages? An Analysis of Macroeconomic and Individual Drivers of Credit Risk

Journal of Financial Services Research · 2023 · PMC10246538

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highly significantno p-value reported

31 All impulse responses have the expected signs (compare Table 1 ) and the effects of RRE prices and the unemployment rate on the foreclosure rates are also statistically highly significant as can be seen in the left-hand column of Fig. 5 .

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