Theoretical and Applied Economics
No. 3 / 2009 (532)
Is the Incidence of the Monetary Policy on the Mortgage Market Possible?
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.
Contents
The Use of Performance Contracts for Delivery of Social Services in the United States
Marketing of Local Public Services under the Reduction of Administrative Expenditures
Is the Incidence of the Monetary Policy on the Mortgage Market Possible?
Some Aspects Regarding the Analysis of the Life Insurance Market
Dashboard Auditing of Activity-Based Costing (ABC)
Considerations on the Remuneration System of the Public Administration – an Analysis on Electoral Cycles and Scenarios Development
Grounding the Marketing Strategy of the Organizations in the Field of Health Care