Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/231559 
Erscheinungsjahr: 
2020
Quellenangabe: 
[Journal:] The Journal of European Economic History [ISSN:] 2499-8281 [Volume:] 49 [Issue:] 2 [Publisher:] Associazione Bancaria Italiana [Place:] Roma [Year:] 2020 [Pages:] 175-202
Verlag: 
Associazione Bancaria Italiana, Roma
Zusammenfassung: 
The "flats-for-land" system was an equity financing mechanism extensively used in Greece following World War II to alleviate the acute housing crisis caused by mass migration from the countryside to big cities. Drawing on historical evidence and using a parsimonious VAR model, we show that the mechanism significantly stimulated housing production and accelerated Greece's vertical urban expansion, despite the country's underdeveloped banking system and even in the absence of state financing.
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