The Monetary Policy and the Real Estate Market
AbstractIn 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.
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Bibliographic InfoArticle provided by Asociatia Generala a Economistilor din Romania - AGER in its journal Theoretical and Applied Economics.
Volume (Year): XVIII(2011) (2011)
Issue (Month): 12(565) (December)
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monetary policy; real estate market; global crisis; developed countries; boom and bust cycles.;
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- Zina V.MARCU căs. CIORAN, 2013. "Monetary Policy And The Inflation Targeting Strategy," SEA - Practical Application of Science, Fundația Română pentru Inteligența Afacerii, Editorial Department, issue 2, pages 167-173, October.
- Steliac Nela, 2013. "Evolution Of The Romanian Residential Market After Outbreak Of The Current Economic And Financial Crisis," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 266-272, April.
- repec:cmj:journl:y:2013:i:29:cioran is not listed on IDEAS
- Zina Marcu (Cioran), 2013. "Monetary Policy Under The Impact Of The Current Global Crisis," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 5, pages 556-566, December.
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