The institutional framework for the functioning of covered bonds in Poland was established already in 1997 and first issues took place in 2000; by 2013, L.Z. accounted for a few percent of property market funding, mostly with respect to commercial property. The latest liquidity limits introduced by...

The article is devoted to the role of the state in the housing market in Russia. The main role of the Government is to develop a sustainable and efficient housing market and to ensure the access of households to affordable decent housing. To achieve this goal by developing mortgage market the...

This article is based a study performed for the EBRD during the first half of 2012 covering Hungary, Poland, Croatia, Serbia, Romania and Turkey. It is an expanded version of its executive summary. The study (‘EBRD study') was commissioned to identify sources of mortgage portfolio risk and...