Using household survey data, we document evidence of a loosening of credit standards in Euro area countries that experienced a property price boom-and-bust cycle. Borrowers in these countries exhibited significantly higher loan-to-value (LTV) and loan-to-income (LTI) ratios in the run up to the...

Against the background of recent house price increases in several European countries, the OeNB organized a workshop entitled "Are House Prices Endangering Financial Stability? If So, How Can We Counteract This?" It was held in Vienna on October 9 and 10, 2014. The workshop contributions...