IDEAS home Printed from https://ideas.repec.org/a/nwe/godish/y2020i1p9-19.html
   My bibliography  Save this article

Mortgage in Bulgaria and Romania - Does the "Foreignness" Influence The Supply?

Author

Listed:
  • Nedyalka Alexandrova

    (University of Economics, Varna, Bulgaria)

  • Georgi Marinov

    (University of Economics, Varna, Bulgaria)

Abstract

The housing markets and housing finance are tightly connected and both are crucial to the stability of the economy as a whole. Housing booms and busts have been associated with many of the most serious financial and economic crises in developed countries. In order to avoid such crises in the future IMF research suggests it is particularly important to monitor credit growth. The connection between housing markets and housing finance can be seen in the mortgage interest rates. Even though the main drivers of mortgage interest rates are well known in the theory, differences between countries still exist. Nowadays banking has become international, mortgage-lending markets are predominantly local. In fact, even pan-European banks operate on non-integrated national mortgage credit markets. In our study we explore the ability of main mortgage loan clauses to provide a robust clusterization of market participants.

Suggested Citation

  • Nedyalka Alexandrova & Georgi Marinov, 2020. "Mortgage in Bulgaria and Romania - Does the "Foreignness" Influence The Supply?," Godishnik na UNSS, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 9-19, December.
    • Handle: RePEc:nwe:godish:y:2020:i:1:p:9-19
    as

    Download full text from publisher

    File URL: http://unwe-yearbook.org/en/journalissues/article/10278
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    mortgage loans; Bulgarian bank system;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nwe:godish:y:2020:i:1:p:9-19. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Vanya Lazarova (email available below). General contact details of provider: https://edirc.repec.org/data/unweebg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.