Statistical risk analysis for real estate collateral valuation using Bayesian distributional and quantile regression

@inproceedings{Razen2014StatisticalRA,
  title={Statistical risk analysis for real estate collateral valuation using Bayesian distributional and quantile regression},
  author={Alexander Razen and Wolgang Brunauer and Nadja Klein and Thomas Kneib and Stefan Lang and Nikolaus Umlauf},
  year={2014}
}
  • Alexander Razen, Wolgang Brunauer, +3 authors Nikolaus Umlauf
  • Published 2014
The Basel II framework strictly defines the conditions under which financial institutions are authorized to accept real estate as collateral in order to decrease their credit risk. A widely used concept for its valuation is the hedonic approach. It assumes, that a property can be characterized by a bundle of covariates that involves both individual attributes of the building itself and locational attributes of the region where the building is located in. Each of these attributes can be assigned… CONTINUE READING