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Persistent link: https://www.econbiz.de/10003624953
Although the close empirical relationship between the evolution of mortgage lending and housing prices is well … cointegration techniques in order to address this issue empirically for the Greek economy. Our results, based on a cointegration … relationship that we identify as a mortgage loan demand equation, indicate that housing prices do not adjust to disequilibria in …
Persistent link: https://www.econbiz.de/10013404685
Although the close empirical relationship between the evolution of mortgage lending and housing prices is well … cointegration techniques in order to address this issue empirically for the Greek economy. Our results, based on a cointegration … relationship that we identify as a mortgage loan demand equation, indicate that housing prices do not adjust to disequilibria in …
Persistent link: https://www.econbiz.de/10014206279
This paper aims to estimate a long-term equilibrium price level for the Hungarian housing market by identifying key underlying macroeconomic factors. For this, in line with the empirical literature, a vector error correction model is employed. The housing market price level is mapped by the...
Persistent link: https://www.econbiz.de/10011603937
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Persistent link: https://www.econbiz.de/10010533099
We study the exposure of mortgage borrowers in Switzerland to interest rate, income and house price risks and examine … analysis is based on a unique data set of household mortgage applications from September 2012 until January 2014. Our … assessment of risk exposure among mortgage borrowers in Switzerland is highly sensitive to the underlying assumptions on mortgage …
Persistent link: https://www.econbiz.de/10011344795
Persistent link: https://www.econbiz.de/10010237443
Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of modern economic history in the advanced economies. We...
Persistent link: https://www.econbiz.de/10010468583
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