The Monetary Policy and the Real Estate Market

Autor:	Vasile DEDU, Tiberiu STOICA
Jazyk:	angličtina
Rok vydání:	2011
Předmět:	monetary policy real estate market global crisis developed countries boom and bust cycles Business HF5001-6182 Economic theory. Demography HB1-3840 Economics as a science HB71-74
Zdroj:	Theoretical and Applied Economics, Vol XVIII, Iss 12, Pp 5-14 (2011)
Druh dokumentu:	article
ISSN:	1841-8678 1844-0029
Popis:	In this paper, we intend to study the connection between monetary policy measures and the boom and bust cycles of the real estate markets in different countries. Many recent articles consider that central banks had an important contribution in triggering the global crisis and the collapse of the real estate markets during 2007-2009 due to the low monetary policy rates and the inadequate regulation and supervision of the banking system. We consider the generalization of this idea is an error, as certain central banks like the National Bank of Romania (NBR) adopted prudent policies in the pre-crisis period.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/2b8af3b56d2d4a61bd745c2b77cd56cc Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF