Is the Incidence of the Monetary Policy on the Mortgage Market Possible?

The article sets out to approach mortgage markets and their impact on the financial structure and on the financial stability. The synthesizing of studies done lead to the conclusion that the institutional characteristics of the mortgage market influence the monetary policy shocks on the prices of ho...

Full description

Bibliographic Details
Main Authors:	Teodora Barbu, Georgeta Vintila
Format:	Article
Language:	English
Published:	General Association of Economists from Romania 2009-03-01
Series:	Theoretical and Applied Economics
Subjects:	mortgage market monetary policy speculative bubble central bank real assets
Online Access:	http://store.ectap.ro/articole/373.pdf

id	doaj-d40875835ea44443a6cfc49888628bce
record_format	Article
spelling	doaj-d40875835ea44443a6cfc49888628bce2020-11-24T23:52:49ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292009-03-01XVI318418678Is the Incidence of the Monetary Policy on the Mortgage Market Possible?Teodora Barbu0Georgeta Vintila1 Academy of Economic Studies, Bucharest The article sets out to approach mortgage markets and their impact on the financial structure and on the financial stability. The synthesizing of studies done lead to the conclusion that the institutional characteristics of the mortgage market influence the monetary policy shocks on the prices of housing and consumption. In developed countries, transmission of such shocks is stronger because of mortgage markets mature and flexible. Regarding this aspect, there are significant divergences in the structure of the mortgage market between the main industrialized countries. Also, the reaction of central banks to the speculative bubbles on the mortgage markets is extremely reduced, thus formulating a series of interrogations related to the lack of concern of monetary authorities regarding the price of real assets. http://store.ectap.ro/articole/373.pdf mortgage marketmonetary policyspeculative bubblecentral bankreal assets
collection	DOAJ
language	English
format	Article
sources	DOAJ
author	Teodora Barbu Georgeta Vintila
spellingShingle	Teodora Barbu Georgeta Vintila Is the Incidence of the Monetary Policy on the Mortgage Market Possible? Theoretical and Applied Economics mortgage market monetary policy speculative bubble central bank real assets
author_facet	Teodora Barbu Georgeta Vintila
author_sort	Teodora Barbu
title	Is the Incidence of the Monetary Policy on the Mortgage Market Possible?
title_short	Is the Incidence of the Monetary Policy on the Mortgage Market Possible?
title_full	Is the Incidence of the Monetary Policy on the Mortgage Market Possible?
title_fullStr	Is the Incidence of the Monetary Policy on the Mortgage Market Possible?
title_full_unstemmed	Is the Incidence of the Monetary Policy on the Mortgage Market Possible?
title_sort	is the incidence of the monetary policy on the mortgage market possible?
publisher	General Association of Economists from Romania
series	Theoretical and Applied Economics
issn	1841-8678 1844-0029
publishDate	2009-03-01
description	The article sets out to approach mortgage markets and their impact on the financial structure and on the financial stability. The synthesizing of studies done lead to the conclusion that the institutional characteristics of the mortgage market influence the monetary policy shocks on the prices of housing and consumption. In developed countries, transmission of such shocks is stronger because of mortgage markets mature and flexible. Regarding this aspect, there are significant divergences in the structure of the mortgage market between the main industrialized countries. Also, the reaction of central banks to the speculative bubbles on the mortgage markets is extremely reduced, thus formulating a series of interrogations related to the lack of concern of monetary authorities regarding the price of real assets.
topic	mortgage market monetary policy speculative bubble central bank real assets
url	http://store.ectap.ro/articole/373.pdf
work_keys_str_mv	AT teodorabarbu istheincidenceofthemonetarypolicyonthemortgagemarketpossible AT georgetavintila istheincidenceofthemonetarypolicyonthemortgagemarketpossible
_version_	1725471700642955264

Is the Incidence of the Monetary Policy on the Mortgage Market Possible?

Similar Items