Monitoring Vulnerabilities in the Residential Real Estate Sector in Poland
This paper applies a framework for monitoring vulnerabilities in the residential real estate sector to the case of Poland. The framework considers indicators across three dimensions of real estate-related vulnerabilities, i.e. valuation, household indebtedness and the bank credit cycle, and builds a...
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| Format: | Article |
| Language: | English |
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Collegium of Economic Analysis, SGH Warsaw School of Economics
2020-06-01
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| Series: | Gospodarka Narodowa. The Polish Journal of Economics |
| Subjects: | |
| Online Access: | http://www.journalssystem.com/gna/Monitoring-vulnerabilities-in-the-residential-real-estate-sector-in-Poland,120628,0,2.html |
| _version_ | 1818060057204490240 |
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| author | Magdalena Grothe |
| author_facet | Magdalena Grothe |
| author_sort | Magdalena Grothe |
| collection | DOAJ |
| description | This paper applies a framework for monitoring vulnerabilities in the residential real estate sector to the case of Poland. The framework considers indicators across three dimensions of real estate-related vulnerabilities, i.e. valuation, household indebtedness and the bank credit cycle, and builds a composite model-free measure shown to have a significant forecasting performance for real estate crises. The paper shows how the monitoring can be implemented for the Polish market, discusses the developments from a historical perspective, and highlights remaining data gaps. |
| first_indexed | 2024-12-10T13:26:22Z |
| format | Article |
| id | doaj.art-f7ccf1d5e6d347869e8a1ef8d13ab892 |
| institution | Directory Open Access Journal |
| issn | 0867-0005 2300-5238 |
| language | English |
| last_indexed | 2024-12-10T13:26:22Z |
| publishDate | 2020-06-01 |
| publisher | Collegium of Economic Analysis, SGH Warsaw School of Economics |
| record_format | Article |
| series | Gospodarka Narodowa. The Polish Journal of Economics |
| spelling | doaj.art-f7ccf1d5e6d347869e8a1ef8d13ab8922022-12-22T01:47:11ZengCollegium of Economic Analysis, SGH Warsaw School of EconomicsGospodarka Narodowa. The Polish Journal of Economics0867-00052300-52382020-06-01302252410.33119/GN/120628120628Monitoring Vulnerabilities in the Residential Real Estate Sector in PolandMagdalena Grothe0European Central Bank, European Systemic Risk Board Secretariat, GermanyThis paper applies a framework for monitoring vulnerabilities in the residential real estate sector to the case of Poland. The framework considers indicators across three dimensions of real estate-related vulnerabilities, i.e. valuation, household indebtedness and the bank credit cycle, and builds a composite model-free measure shown to have a significant forecasting performance for real estate crises. The paper shows how the monitoring can be implemented for the Polish market, discusses the developments from a historical perspective, and highlights remaining data gaps.http://www.journalssystem.com/gna/Monitoring-vulnerabilities-in-the-residential-real-estate-sector-in-Poland,120628,0,2.htmlreal estate vulnerabilitiesreal estate market in polandrisk monitoringreal estate crises |
| spellingShingle | Magdalena Grothe Monitoring Vulnerabilities in the Residential Real Estate Sector in Poland Gospodarka Narodowa. The Polish Journal of Economics real estate vulnerabilities real estate market in poland risk monitoring real estate crises |
| title | Monitoring Vulnerabilities in the Residential Real Estate Sector in Poland |
| title_full | Monitoring Vulnerabilities in the Residential Real Estate Sector in Poland |
| title_fullStr | Monitoring Vulnerabilities in the Residential Real Estate Sector in Poland |
| title_full_unstemmed | Monitoring Vulnerabilities in the Residential Real Estate Sector in Poland |
| title_short | Monitoring Vulnerabilities in the Residential Real Estate Sector in Poland |
| title_sort | monitoring vulnerabilities in the residential real estate sector in poland |
| topic | real estate vulnerabilities real estate market in poland risk monitoring real estate crises |
| url | http://www.journalssystem.com/gna/Monitoring-vulnerabilities-in-the-residential-real-estate-sector-in-Poland,120628,0,2.html |
| work_keys_str_mv | AT magdalenagrothe monitoringvulnerabilitiesintheresidentialrealestatesectorinpoland |