Housing Finance in the Euro Area

By F. Drudi, Petra Köhler-Ulbrich, Marco Protopapa, Jiří Slačálek, C. K. Sørensen, Guido Wolswijk, R. G. Salvador, Ruth Magono, N. Valckx, Elmar Stöss and 18 more. Social Science Research Network, 2009

209 citations recorded by the source corpus.

This report analyses the main developments in housing finance in the euro area in the decade, covering the period from 1999 to 2007. It looks at mortgage indebtedness, various characteristics of loans for house purchase, the funding of such loans and the spreads between the interest rates on loans granted by banks and the interest rates banks had to pay on their funding, or the return they made on alternative investments. In addition, the report contains a comparison of key aspects of housing finance in the euro area with those in the United Kingdom and the United States. At the end, the report briefly discusses aspects of the transmission of monetary policy to the economy. JEL Classification: D14, E44, E5, G21, R21.

Subfields: Finance

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