Housing finance in the euro area:
Gespeichert in:
| Format: | Buch |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
Frankfurt am Main
Europ. Central Bank
2009
|
| Schriftenreihe: | Occasional paper series / European Central Bank
101 |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | 95 S. graph. Darst. |
Internformat
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| 245 | 1 | 0 | |a Housing finance in the euro area |c Task Force of the Monetary Policy Committee of the European System of Central Banks |
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| 610 | 1 | 7 | |a European Central Bank |2 eurovocen |
| 610 | 1 | 7 | |a European Union |2 eurovocen |
| 610 | 1 | 7 | |a Evropska centralna banka |2 eurovocsl |
| 610 | 1 | 7 | |a Evropska unija |2 eurovocsl |
| 610 | 1 | 4 | |a Europäische Union |
| 650 | 7 | |a EU-Staaten |2 stw | |
| 650 | 7 | |a Europäische Wirtschafts- und Währungsunion |2 stw | |
| 650 | 7 | |a Wohnungsbaufinanzierung |2 stw | |
| 650 | 7 | |a euro area |2 eurovocen | |
| 650 | 7 | |a euroobmočje |2 eurovocsl | |
| 650 | 7 | |a hipoteka |2 eurovocsl | |
| 650 | 7 | |a kreditna politika |2 eurovocsl | |
| 650 | 7 | |a monetarna politika |2 eurovocsl | |
| 650 | 7 | |a monetarna unija |2 eurovocsl | |
| 650 | 7 | |a monetary policy |2 eurovocen | |
| 650 | 7 | |a mortgage |2 eurovocen | |
| 650 | 7 | |a najem nepremičnin |2 eurovocsl | |
| 650 | 7 | |a nepremičninski kredit |2 eurovocsl | |
| 650 | 7 | |a nepremičninski trg |2 eurovocsl | |
| 650 | 7 | |a property leasing |2 eurovocen | |
| 650 | 7 | |a property market |2 eurovocen | |
| 650 | 7 | |a real estate credit |2 eurovocen | |
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| 999 | |a oai:aleph.bib-bvb.de:BVB01-017654473 | ||
Datensatz im Suchindex
| _version_ | 1804139265200750592 |
|---|---|
| adam_text | CONTENTS
EXECUTIVE
SUMMARY
7
1 INTRODUCTION
10
2
HOUSING FINANCE AND HOUSEHOLDS
FINANCIAL SITUATION 1
2
2.1
Introduction
12
2.2
Households overall financial
situation 1
2
2.3
Factors underlying trends in
mortgage growth
2 0
3
CHARACTERISTICS OF LOANS FOR
HOUSE PURCHASE
2Ś
3.1
Introduction
26
3.2
Loan characteristics
26
3.2.1
Interest rate
26
3.2.2
Maturity of the loan
29
3.2.3
Loan-to-value ratio
30
3.2.4
Redemption scheme
30
3.2.5
Flexibility in mortgage
conditions
ЗІ
3.2.6
Purpose of taking out
a housing loan
3 2
3.3
Taxation in housing markets
36
3.4
Bankruptcy and foreclosure
procedures
3 7
4
FUNDING OF LOANS FOR HOUSE
PURCHASE
40
ANNEXES
4.1
Introduction
40
4.2
Market structure across countries
40
4.3
Funding of MFIs
41
4.4
Institutional characteristics
of covered bonds and
securitisation
46
4.4.1
Mortgage covered bonds
47
4.4.2
Securitisation SO
4.5
Impact of the financial crisis
52
5
MORTGAGE SPREADS ACROSS
COUNTRIES AND OVER
TIMI SS
5.1
Introduction
S
5
5.2
Cost of funding of banks
55
5.3
Cost of housing loans
Sé
5.4
Housing lending rates in relation
to banks funding cost or
opportunity cost
. 5 7
CONTENTS
J
5.4.1
Spread of housing lending
rates over indexation rates
or the opportunity cost
5.4.2
Spread of housing lending
rates over the marginal cost
of deposit funding
5.4.3
Spread of average housing
lending rates over average
cost of deposits
5.4.4
Spread of housing lending
rates over covered bond
yields
5.4.5
Relationship between
spreads and possible
explanatory factors
6
COMPARISON OF INTERNATIONAL
MORTGAGE MARKETS
6.1
Introduction
6.2
Financial situation of households
6.3
Housing financing
6.4
Lending rates on housing loans
6.5
Insolvency and foreclosure
procedures
6.6
Summary considerations
7
HOUSING FINANCE AND MONETARY
POLICY
1
Data, sources and definitions
2
Data on debt/loan determinants
3
Selected bank questionnaire
results
4
Income tax deductibility of
mortgage interest payments
REFERENCES
«UPiAH
CENÎIai
BANK OCCASIONAL
PAPER SERIES SINCE
2008
57
60
61
62
62
67
67
67
69
71
72
73
IS
8І
8f
84
Sé
87
89
Occasional Paper Ho
LIST OF BOXES:
Box
1
Distribution of mortgage debt across
the population: indications from
national household surveys 1
4
Box
2
Housing loan developments in
the new non-euro area
Member States
2
і
Box
3
Relevance of the rented housing
market in selected countries
3 4
Box
4
Banking competition and the
pricing of mortgage loans
64
Box
5
Experiences of booms and busts
79
JEL
classifications:
D
14,
E44, E5, G21, R21
Keywords: bank competition, bank funding, bankruptcy, banks, cost of funding (of banks), cost of
housing loans, debt service, ECB monetary policy, foreclosure, household debt, household survey,
housing finance, insolvency, loan maturity, loan-to-value ratio, monetary policy transmission,
mortgage, mortgage covered bond, mortgage equity withdrawal, mortgage interest rate spread,
redemption scheme, rental market, retail deposits, securitisation, taxation, US housing market
crisis.
Occasional Paper No
101
|
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| building | Verbundindex |
| bvnumber | BV035599397 |
| ctrlnum | (OCoLC)453030369 (DE-599)BVBBV035599397 |
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| id | DE-604.BV035599397 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T21:41:20Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-017654473 |
| oclc_num | 453030369 |
| open_access_boolean | |
| owner | DE-12 |
| owner_facet | DE-12 |
| physical | 95 S. graph. Darst. |
| publishDate | 2009 |
| publishDateSearch | 2009 |
| publishDateSort | 2009 |
| publisher | Europ. Central Bank |
| record_format | marc |
| series2 | Occasional paper series / European Central Bank |
| spelling | Housing finance in the euro area Task Force of the Monetary Policy Committee of the European System of Central Banks Frankfurt am Main Europ. Central Bank 2009 95 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Occasional paper series / European Central Bank 101 European Central Bank eurovocen European Union eurovocen Evropska centralna banka eurovocsl Evropska unija eurovocsl Europäische Union EU-Staaten stw Europäische Wirtschafts- und Währungsunion stw Wohnungsbaufinanzierung stw euro area eurovocen euroobmočje eurovocsl hipoteka eurovocsl kreditna politika eurovocsl monetarna politika eurovocsl monetarna unija eurovocsl monetary policy eurovocen mortgage eurovocen najem nepremičnin eurovocsl nepremičninski kredit eurovocsl nepremičninski trg eurovocsl property leasing eurovocen property market eurovocen real estate credit eurovocen European Central Bank Occasional paper series 101 (DE-604)BV013339429 101 Digitalisierung BSBMuenchen application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017654473&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Housing finance in the euro area European Central Bank eurovocen European Union eurovocen Evropska centralna banka eurovocsl Evropska unija eurovocsl Europäische Union EU-Staaten stw Europäische Wirtschafts- und Währungsunion stw Wohnungsbaufinanzierung stw euro area eurovocen euroobmočje eurovocsl hipoteka eurovocsl kreditna politika eurovocsl monetarna politika eurovocsl monetarna unija eurovocsl monetary policy eurovocen mortgage eurovocen najem nepremičnin eurovocsl nepremičninski kredit eurovocsl nepremičninski trg eurovocsl property leasing eurovocen property market eurovocen real estate credit eurovocen |
| title | Housing finance in the euro area |
| title_auth | Housing finance in the euro area |
| title_exact_search | Housing finance in the euro area |
| title_full | Housing finance in the euro area Task Force of the Monetary Policy Committee of the European System of Central Banks |
| title_fullStr | Housing finance in the euro area Task Force of the Monetary Policy Committee of the European System of Central Banks |
| title_full_unstemmed | Housing finance in the euro area Task Force of the Monetary Policy Committee of the European System of Central Banks |
| title_short | Housing finance in the euro area |
| title_sort | housing finance in the euro area |
| topic | European Central Bank eurovocen European Union eurovocen Evropska centralna banka eurovocsl Evropska unija eurovocsl Europäische Union EU-Staaten stw Europäische Wirtschafts- und Währungsunion stw Wohnungsbaufinanzierung stw euro area eurovocen euroobmočje eurovocsl hipoteka eurovocsl kreditna politika eurovocsl monetarna politika eurovocsl monetarna unija eurovocsl monetary policy eurovocen mortgage eurovocen najem nepremičnin eurovocsl nepremičninski kredit eurovocsl nepremičninski trg eurovocsl property leasing eurovocen property market eurovocen real estate credit eurovocen |
| topic_facet | European Central Bank European Union Evropska centralna banka Evropska unija Europäische Union EU-Staaten Europäische Wirtschafts- und Währungsunion Wohnungsbaufinanzierung euro area euroobmočje hipoteka kreditna politika monetarna politika monetarna unija monetary policy mortgage najem nepremičnin nepremičninski kredit nepremičninski trg property leasing property market real estate credit |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017654473&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV013339429 |