Agatha Lozinskaya attended the AREUEA conference
Agata Lozinskaia, senior lecturer of the School of economics and finance, junior research fellow of the Group for applied markets and enterprises studies, took part in the international conference organized by The American Real Estate and Urban Economics Association (AREUEA) in the University of Alicante (Spain).
The conference is held annually since 1992 and is focused on discussion of research findings in residential real estate economics and finance, urban economics and other related areas by researchers, experts and politicians, including discussion of new theoretical and empirical approaches, changing trends and global developments in real estate economics and finance. The conference program included plenary sessions, parallel sessions and also a round table discussion. Within the framework of the round table discussion the editors of the leading journals for real estate and urban economics Edward Coulson (AREUEA president, University of Nevada), David Lean (Florida University) and Piet Eichholtz (Maastricht University) gave their advice to participants how to choose the publication strategy.
Agata Lozinskaia presented her article “Discontinuity in relative credit losses: evidence from defaults on government-insured residential mortgages” prepared together with Evgeny Ozhegov, senior lecturer of the School of economics and finance, junior research fellow of the Group for applied markets and enterprises studies of HSE-Perm, and Aleksandr Karminsky, professor of the School of finance of HSE-Moscow. The study was performed using the data about the loan portfolio of the regional operator of Housing Mortgage Lending Agency. The findings suggest the concentration of borrowers around the certain relationships of Credit and Mortgage. This, in its term, leads to respective discrete disruptions in relative losses of a creditor in case of mortgage default of a borrower.
Agata Lozinskaia noted that she was very lucky to have Peter Zorn from American mortgage agency Freddie Mac as an opponent. His comments and suggestions were very constructive and allowed to determine the ways of improving the article and continuing the study.