Jane Kelly, Julia Le Blanc, Reamonn Lydon, (2018), “Pockets of risk in European housing markets”, VoxEU, 25 Νοεμβρίου
Loan-to-value limits and other borrower-based macroprudential measures are now used in two-thirds of advanced economies. This column uses survey data to document changes in credit standards in a cross-section of countries in the run-up to, and aftermath of, the financial crisis. There is clear evidence of laxer credit standards in countries that experienced a real estate boom-bust, and a significant tightening after the bust. The results imply that compared to earlier years, younger and lower-income borrowers have to save for longer before buying.
Σχετικές Αναρτήσεις
- Nocera, Andrea, Roma, Moreno, (2017), «House prices and monetary policy in the euro area: evidence from structural VARs», ECB, Ιούνιος
- Gerlach, Stefan, (2016), «The Return of Ireland’s Housing Bubble», Project Syndicate, 14 Ιουλίου