Real Economy Consequences of the Financial and Real Estate Crisis
AbstractThe US real estate bubble caused by loose monetary policy and the influx of significant amounts of investment capital from abroad burst in 2006. Since then, US real estate values have declined by 20 percent, reducing the basis for collateralisation of mortgage loans and mortgage-backed securities – the latter being held also by banks abroad.
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Bibliographic InfoArticle provided by WIFO in its journal WIFO-Monatsberichte.
Volume (Year): 81 (2008)
Issue (Month): 8 (August)
Postal: Austrian Institute of Economic Research Publikationsverkauf und Abonnentenbetreuung Arsenal, Objekt 20 A-1030 Vienna/Austria
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