Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154554
Authors: 
Drudi, Francesco
Köhler-Ulbrich, Petra
Protopapa, Marco
Slacalek, Jiri
Sørensen, Christoffer Kok
Wolswijk, Guido
Salvador, Ramón Gómez
Magono, Ruth
Valckx, Nico
Stöss, Elmar
Hebbink, Gerbert
Wagner, Karin
Walko, Zoltan
Zachary, Marie Denise
Magri, Silvia
Bartiloro, Laura
Mistrulli, Paolo
Asimakopoulos, Yannis
Georgakopoulos, Vasilis
Kasselaki, Maria
Pagés, Jorge Martínez
Weber, Romain
Argyridou, Christiana
Zammit, Wendy
Ribeiro, Nuno
Gabrielli, Daniel
Doyle, Nicola
Hasko, Harri
Year of Publication: 
2009
Series/Report no.: 
ECB Occasional Paper 101
Abstract: 
This report analyses the main developments in housing finance in the euro area in the decade, covering the period from 1999 to 2007. It looks at mortgage indebtedness, various characteristics of loans for house purchase, the funding of such loans and the spreads between the interest rates on loans granted by banks and the interest rates banks had to pay on their funding, or the return they made on alternative investments. In addition, the report contains a comparison of key aspects of housing finance in the euro area with those in the United Kingdom and the United States. At the end, the report briefly discusses aspects of the transmission of monetary policy to the economy.
Subjects: 
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.
JEL: 
D14
E44
E5
G21
R21
Document Type: 
Research Report

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