Решения, принимаемые государством, даже если они обусловлены целью роста общественного благосостояния, не всегда приводят к желаемым результатам, особенно если...

This paper describes the situation in which can be currently found developers on the Czech real estate market. The article focuses on analysis of four fundamental phenomena that simultaneously take place. Meaning impacts of the sub-prime mortgage crisis that started in United States of America,...

The 2008 financial crisis has its origins in the US real estate market. By means of purchases of US mortgage-backed securities it spread to the portfolios of financial companies everywhere in the world and it is making its way to the real economy. The measures to be taken include cutting...

The recent global financial crisis is having an extraordinary impact on real economy: a slowdown in growth, consumption and industrial activity trends, as well as an unsustainable increase in the rate of unemployment. The crisis blew up with the collapse of the US subprime mortgage market,...

Born as the "subprime crisis" in the US, in a two year time the financial and economic crisis has assumed truly global features, as it has involved the entire spectrum of countries and geographical areas together with a very wide set of markets and sectors. Remarkable differences, however,...

We analyze empirically the role played by energy inflation as a determinant of downward corrections in house prices. Using a dataset for 18 OECD economies spanning the last four decades, we identify periods of downward house price adjustment and estimate conditional logit models to measure the...

We investigate the recent financial crisis with an emphasis on the interlock among housing, mortgage, and credit markets. Following Geanakoplos (Econometric Society Monographs 2:170–205, <CitationRef CitationID="CR5">2003</CitationRef>, <CitationRef CitationID="CR6">2010</CitationRef>), we develop a model in which both prices of the mortgage and its collateral are simultaneously...</citationref></citationref>