IDEAS home Printed from https://ideas.repec.org/a/agr/journl/v03%28532%29y2009i03%28532%29p29-40.html
   My bibliography  Save this article

Is the Incidence of the Monetary Policy on the Mortgage Market Possible?

Author

Listed:
  • Teodora Barbu

    (Academy of Economic Studies, Bucharest)

  • Georgeta Vintila

    (Academy of Economic Studies, Bucharest)

Abstract

The article sets out to approach mortgage markets and their impact on the financial structure and on the financial stability. The synthesizing of studies done lead to the conclusion that the institutional characteristics of the mortgage market influence the monetary policy shocks on the prices of housing and consumption. In developed countries, transmission of such shocks is stronger because of mortgage markets mature and flexible. Regarding this aspect, there are significant divergences in the structure of the mortgage market between the main industrialized countries. Also, the reaction of central banks to the speculative bubbles on the mortgage markets is extremely reduced, thus formulating a series of interrogations related to the lack of concern of monetary authorities regarding the price of real assets.

Suggested Citation

  • Teodora Barbu & Georgeta Vintila, 2009. "Is the Incidence of the Monetary Policy on the Mortgage Market Possible?," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 3(03(532)), pages 29-40, March.
  • Handle: RePEc:agr:journl:v:03(532):y:2009:i:03(532):p:29-40
    as

    Download full text from publisher

    File URL: http://store.ectap.ro/articole/373.pdf
    Download Restriction: no

    File URL: http://www.ectap.ro/articol.php?id=373&rid=47
    Download Restriction: no

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:agr:journl:v:03(532):y:2009:i:03(532):p:29-40. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Marin Dinu). General contact details of provider: http://edirc.repec.org/data/agerrea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.