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Разработка И Исследование Ссудо-Сберегательных Программ Ипотечного Кредитования: Динамическая Модель
[Designing and Analyzing the Programs of Contractual Savings for Housing: а Dynamic Model]


  • Polterovich, Victor
  • Starkov, Oleg
  • Ilinskiy, Dmitry


We develop a dynamic model for analyzing the programs of contractual savings for housing (CSH). We introduce concepts of stability as well as strong and weak stability of trajectories generated by CSH programs, and obtain the necessary and sufficient conditions that guarantee fulfillment of these properties. Experimental calculations indicate that CSH programs ensure stable financing of its members under wide range of variation of parameters which are close to real data.

Suggested Citation

  • Polterovich, Victor & Starkov, Oleg & Ilinskiy, Dmitry, 2013. "Разработка И Исследование Ссудо-Сберегательных Программ Ипотечного Кредитования: Динамическая Модель
    [Designing and Analyzing the Programs of Contractual Savings for Housing: а Dynamic Model]
    ," MPRA Paper 52719, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:52719

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    References listed on IDEAS

    1. Scholten, Ulrich, 2000. "Rotating Savings and Credit Associations in Developed Countries: The German-Austrian Bausparkassen," Journal of Comparative Economics, Elsevier, vol. 28(2), pages 340-363, June.
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    More about this item


    mortgage; programs of contractual savings for housing; Bausparkassen; contractual savings for housing bank accounts; stability;

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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