In recent decades, a growing body of academic literature has focused on the possible negative effects of high levels of home ownership, especially on labour markets.
Christian Schaette, Warren Meade, Monica Monaco, Bernd Berbänder, Mathieu Jolly, Sophie Thiéry, Victoria Richmond
This Edition includes four articles reflecting some of the debates held in the context of the ECRI Task Force on household credit and places some emphasis on digital banking and new/related busines
Proper understanding and monitoring of household saving are necessary to conduct appropriate macroeconomic policies aiming at a balanced economic recovery in the EU-15.
There are two main objectives behind the EC proposal on banking structural reform: the financial stability objective and the economic efficiency objective.
Two-sided payment card markets generate costs that have to be distributed among the participating actors. For this purpose, payment card networks set an interchange fee, which is the fee paid by the merchant’s bank to the cardholder’s bank per transaction.
This paper sketches the main features and issues related to recent market developments in global transaction banking (GTB), particularly in trade finance, cash management and correspondent banking. It describes the basic functioning of the GTB, its interaction with global financial markets and re-lated implications of global regulatory developments such as Basel III.
The fall in economic output all over Europe since 2008 has had important consequences for household liabilities. Major growth in demand and supply for household credit products has generated an increase in household debt, which contributed to growth rates during the pre-crisis period but – in some countries – became household-debt overhangs and helped inflate asset bubbles.
European-wide data concerning both companies and households indicate that the credit rationing phenomenon, which has been predicted by theory, does in fact occur to a significant degree in the Euro
The ECRI Commentaries Series provides short comments on ongoing developments as regards credit markets and other relevant developments in the field of financial services. ECRI researchers as well as external experts contribute to this series.
The institute's flagship publication provides the latest available statistical information on consumer and other credit to households in Europe, allowing its user to make meaningful comparisons between all 27 EU member states.
The ECRI Policy Brief Series provides short analyses of ongoing developments affecting credit markets in Europe. ECRI researchers as well as external experts contribute to this series.
Recent trends in EU home ownership
Home ownership has been a source of concern for many EU28 governments, especially since the start of the economic crisis in 2008-09.