Theoretical and Applied Economics
No. 12 / 2011 (565)
The Monetary Policy and the Real Estate Market
Bucharest Academy of Economic Studies
Tiberiu STOICA
Bucharest Academy of Economic Studies
Abstract. In this paper, we intend to study the connection between monetary policy measures and the boom and bust cycles of the real estate markets in different countries. Many recent articles consider that central banks had an important contribution in triggering the global crisis and the collapse of the real estate markets during 2007-2009 due to the low monetary policy rates and the inadequate regulation and supervision of the banking system. We consider the generalization of this idea is an error, as certain central banks like the National Bank of Romania (NBR) adopted prudent policies in the pre-crisis period.
Contents
The Monetary Policy and the Real Estate Market
Considerations regarding the Valuation and Valorization of Cultural Heritage
Institutional Metamorphoses regarding the Exercise of External Public Audit in Romania
Oltenia – Micro-destination of Cultural and Medical Spa Tourism
The Challenges of Basel III for Romanian Banking System
A Static Analysis of Pakistan’s Trade Policy with Selected Asian Countries
Social and Environmental Issues in Corporative Management: A Romanian Story
General Equilibrium Analysis of Electricity Market Liberalization in Singapore: A Comparative Study
Equity Risk Premium for Investments Projects in Renewable Resources