Portal de Periódicos da CAPES

Housing Finance in the Euro Area

2009; RELX Group (Netherlands); Linguagem: Inglês

10.2139/ssrn.1325202

1556-5068

Francesco Drudi, Petra Koehler, Christoffer Kok, Guido Wolswijk, Elmar Stoess, Karin Wagner, Harri Hasko, Nico Valckx, Laura Bartiloro, Paolo Emilio Mistrulli, Marco Protopapa, Jiří Slačálek, Marie-Denise Zachery, Nicola Doyle, Yannis Asimakopoulos, Vasilis Georgakopoulos, José R. Pages, Jorge Martínez-Pagés, Daniel Gabrielli, Silvia Magri, Christiana Argyridou, Romain Weber, Wendy Zammit, Gerbert Hebbink, Nuno Ribeiro, Vesna Lukovic, Gavin Doheny, RamÌn GÌmez-Salvador, Ruth Magano, Zoltan Walko, Maria Kasselaki,

Housing, Finance, and Neoliberalism

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.