Staff View: Mortgage Finance in Central and Eastern Europe : Opportunity or Burden?

Mortgage Finance in Central and Eastern Europe : Opportunity or Burden?

Household credit, especially for mortgages, has doubled over the past years in the new European Union member countries, raising concerns about the economic and social consequences of household indebtedness in the event of a macroeconomic crisis. Us...

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Bibliographic Details
Main Authors:	Beck, Thorsten, Tiongson, Erwin, Kibuuka, Katie
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCESS TO CREDIT ACCESS TO FINANCIAL SERVICES ACCESS TO MORTGAGE ADVANCED ECONOMIES AFFORDABILITY ARREARS BANK LENDING BANKING CRISES BANKING INDUSTRIES BANKING SECTOR BANKING SECTOR STABILITY BANKRUPTCY BANKRUPTCY LAW BANKS BORROWING BORROWING CAPACITY BUSINESS CYCLE CENTRAL BANK CENTRAL BANKS COLLATERAL CONSUMER CREDIT CONSUMER DURABLES CONSUMPTION SMOOTHING COOPERATIVES CREDIT BUREAUS CREDIT CONSTRAINT CREDIT CONSTRAINTS CREDIT CRUNCH CREDIT EXPANSION CREDIT GROWTH CREDIT INFORMATION CREDIT INFORMATION SYSTEMS CREDIT LEVELS CREDIT MARKET CREDIT OBLIGATIONS DEBT BURDEN DEBT BURDENS DEBT HOLDING DEBT HOLDINGS DEBT LEVELS DEBT PAYMENT DEBT SERVICE DEBT SERVICE OBLIGATION DEBT SERVICE PAYMENTS DEDUCTIBLE DEFAULTS DEMOGRAPHIC DEMOGRAPHIC CHARACTERISTICS DEPENDENT DEPENDENTS DEPOSIT DISPOSABLE INCOME DOMESTIC BANKS DUMMY VARIABLE DUMMY VARIABLES ECONOMIC COOPERATION ECONOMIC GROWTH EMPLOYMENT STATUS ENTERPRISE CREDIT EXCHANGE RATE EXPENDITURE EXPENDITURES EXPOSURE FAMILIES FEDERAL RESERVE FEMALE RESPONDENTS FINANCE ACCESS FINANCIAL ASSETS FINANCIAL BURDEN FINANCIAL BURDENS FINANCIAL CONSTRAINTS FINANCIAL CRISIS FINANCIAL DEREGULATION FINANCIAL DEVELOPMENT FINANCIAL DISTRESS FINANCIAL FRAGILITY FINANCIAL POSITION FINANCIAL RESOURCES FINANCIAL RISKS FINANCIAL SECTOR FINANCIAL STABILITY FINANCIAL STUDIES FINANCIAL SUPPORT FINANCIAL SYSTEMS FINANCING CONSTRAINTS FOOD PRICES FOREIGN BANKS FOREIGN CURRENCY FOREIGN EXCHANGE FUNDING SOURCES GENDER GENDER DIFFERENCES GREATER ACCESS HEALTH STATUS HOLDINGS HOME OWNERSHIP HOMEOWNERS HOUSE OWNERS HOUSEHOLD ACCESS HOUSEHOLD ARREARS HOUSEHOLD DEBT HOUSEHOLD INCOME HOUSEHOLD LENDING HOUSEHOLD WELFARE HOUSEHOLDS HOUSES HOUSING HOUSING ECONOMICS HOUSING FINANCE HOUSING FINANCE SYSTEMS HOUSING POLICY INCOME GROUPS INCOME GROWTH INCOME INEQUALITY INCOME SHOCKS INCOME STREAM INCOMES INDEBTEDNESS INEQUALITY INSTALLMENT INSTALLMENTS INTEREST PAYMENT INTEREST PAYMENTS INTEREST RATE INTEREST RATE DATA INTEREST RATE SHOCKS INTEREST RATES INTERNATIONAL BANK INTERNATIONAL SETTLEMENTS JUDICIAL ENFORCEMENT LABOR MARKET LACK OF FINANCE LEGAL RIGHTS LENDERS LIABILITY LIBERALIZATION LIQUIDITY LIQUIDITY CONSTRAINTS LIVING STANDARDS LOAN LOAN DELINQUENCY LOAN PAYMENTS LOAN PRODUCT LOCAL CURRENCIES LOCAL CURRENCY MACROECONOMIC CRISIS MACROECONOMIC DATA MACROECONOMIC RISKS MACROECONOMIC STABILITY MICRO DATA MICRO-DATA MONETARY FUND MONETARY POLICY MORTGAGE MORTGAGE CREDIT MORTGAGE DEBT MORTGAGE FINANCE MORTGAGE HOLDER MORTGAGE HOLDERS MORTGAGE INSTRUMENTS MORTGAGE INTEREST MORTGAGE LENDING MORTGAGE LOAN MORTGAGE LOANS MORTGAGE MARKET MORTGAGE MARKETS MORTGAGE PAYMENT MORTGAGE PAYMENTS MORTGAGES PRINCIPAL REPAYMENT PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PROPERTY RIGHTS RENT PAYMENTS RENTS REPAYMENT RISK OF DEFAULT SAVINGS SOCIAL EXCLUSION TAX TAX RATES TRANSITION ECONOMIES UNDERLYING ASSET UNION URBAN AREAS VARIABLE INTEREST RATE VARIABLE INTEREST RATES VARIABLE RATE VARIABLE RATE MORTGAGES VULNERABLE HOUSEHOLDS
Online Access:	http://documents.worldbank.org/curated/en/2010/02/11747685/mortgage-finance-central-eastern-europe-opportunity-or-burden http://hdl.handle.net/10986/19925

Mortgage Finance in Central and Eastern Europe : Opportunity or Burden?

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