INTERACTION BETWEEN CREDIT LENDING AND HOUSE PRICES IN THE EUROPEAN UNION: AN ASSESSMENT OF SOVEREIGN DEBT CRISIS COUNTRIES
The existing literature indicates developments in either the housing markets or the credit markets can influence the whole financial sector or even the economy due to the close relationship between both markets. With an increasing dependency on the domestic financial markets to international financi...
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| Format: | Article |
| Language: | English |
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Ankara University
2021-09-01
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| Series: | Ankara Avrupa Çalışmaları Dergisi |
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| Online Access: | https://dergipark.org.tr/en/download/article-file/1974873 |
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| author | S. Belgin Akçay Tina Beale |
| author_facet | S. Belgin Akçay Tina Beale |
| author_sort | S. Belgin Akçay |
| collection | DOAJ |
| description | The existing literature indicates developments in either the housing markets or the credit markets can influence the whole financial sector or even the economy due to the close relationship between both markets. With an increasing dependency on the domestic financial markets to international financial markets caused by an increasing financial liberalisation degree, this relationship has strengthened significantly in many countries. This study aims at examining the interaction between credit lending and house prices for the Eurozone and the sovereign debtcrisis countries of the EU (the GIIPS) at the cross-country and country levels, respectively. To do this, the vector autoregressibe (VAR) approach is followed. The findings show credit lending, not house prices are decisive in the interaction between credit and house prices for all samples. |
| format | Article |
| id | doaj-art-4cecb2d26a4d4abe9d6a1601dc81945b |
| institution | Kabale University |
| issn | 1303-2518 |
| language | English |
| publishDate | 2021-09-01 |
| publisher | Ankara University |
| record_format | Article |
| series | Ankara Avrupa Çalışmaları Dergisi |
| spelling | doaj-art-4cecb2d26a4d4abe9d6a1601dc81945b2025-08-20T03:34:19ZengAnkara UniversityAnkara Avrupa Çalışmaları Dergisi1303-25182021-09-0120114710.32450/aacd.99558245INTERACTION BETWEEN CREDIT LENDING AND HOUSE PRICES IN THE EUROPEAN UNION: AN ASSESSMENT OF SOVEREIGN DEBT CRISIS COUNTRIESS. Belgin Akçay0https://orcid.org/0000-0003-1985-0585Tina Beale1https://orcid.org/0000-0003-4394-9411ANKARA UNIVERSITYUniversity of TechnologyThe existing literature indicates developments in either the housing markets or the credit markets can influence the whole financial sector or even the economy due to the close relationship between both markets. With an increasing dependency on the domestic financial markets to international financial markets caused by an increasing financial liberalisation degree, this relationship has strengthened significantly in many countries. This study aims at examining the interaction between credit lending and house prices for the Eurozone and the sovereign debtcrisis countries of the EU (the GIIPS) at the cross-country and country levels, respectively. To do this, the vector autoregressibe (VAR) approach is followed. The findings show credit lending, not house prices are decisive in the interaction between credit and house prices for all samples.https://dergipark.org.tr/en/download/article-file/1974873açılan kredikonut fiyatlarıdevlet borç krizi ülkelericredit lendinghouse pricesthe sovereign debt crisis countries |
| spellingShingle | S. Belgin Akçay Tina Beale INTERACTION BETWEEN CREDIT LENDING AND HOUSE PRICES IN THE EUROPEAN UNION: AN ASSESSMENT OF SOVEREIGN DEBT CRISIS COUNTRIES Ankara Avrupa Çalışmaları Dergisi açılan kredi konut fiyatları devlet borç krizi ülkeleri credit lending house prices the sovereign debt crisis countries |
| title | INTERACTION BETWEEN CREDIT LENDING AND HOUSE PRICES IN THE EUROPEAN UNION: AN ASSESSMENT OF SOVEREIGN DEBT CRISIS COUNTRIES |
| title_full | INTERACTION BETWEEN CREDIT LENDING AND HOUSE PRICES IN THE EUROPEAN UNION: AN ASSESSMENT OF SOVEREIGN DEBT CRISIS COUNTRIES |
| title_fullStr | INTERACTION BETWEEN CREDIT LENDING AND HOUSE PRICES IN THE EUROPEAN UNION: AN ASSESSMENT OF SOVEREIGN DEBT CRISIS COUNTRIES |
| title_full_unstemmed | INTERACTION BETWEEN CREDIT LENDING AND HOUSE PRICES IN THE EUROPEAN UNION: AN ASSESSMENT OF SOVEREIGN DEBT CRISIS COUNTRIES |
| title_short | INTERACTION BETWEEN CREDIT LENDING AND HOUSE PRICES IN THE EUROPEAN UNION: AN ASSESSMENT OF SOVEREIGN DEBT CRISIS COUNTRIES |
| title_sort | interaction between credit lending and house prices in the european union an assessment of sovereign debt crisis countries |
| topic | açılan kredi konut fiyatları devlet borç krizi ülkeleri credit lending house prices the sovereign debt crisis countries |
| url | https://dergipark.org.tr/en/download/article-file/1974873 |
| work_keys_str_mv | AT sbelginakcay interactionbetweencreditlendingandhousepricesintheeuropeanunionanassessmentofsovereigndebtcrisiscountries AT tinabeale interactionbetweencreditlendingandhousepricesintheeuropeanunionanassessmentofsovereigndebtcrisiscountries |