FINANCIAL CRISIS AND ITS IMPLICATION ON OBTAINING FOUNDS ON THE CAPITAL MARKET

Vasile Ilie (), George Horia Ionescu and Elena Radu
Additional contact information
George Horia Ionescu: Romanian-American University, Bucharest
Elena Radu: Romanian-American University, Bucharest

Theoretical and Applied Economics, 2008, vol. 12(517)(supplement), issue 12(517)(supplement), 31-36

Abstract: Issues emerged on the subprime mortgage market in United States lead to a very important global financial crisis. In this frame, Romania its affected by the problem of the financial accessibility of having a house and that’s why the mortgage offer linked with a reasonable interest rate it’s not enough to support the market. Right now, taking into account the prices on the locative market and the interest rate of the mortgage credits, the percent of population which can afford monthly payments for this types of credits is under 10%. Romanian banks are offering mainly basics mortgage products, for the clients with high earnings. The question is which is the best way of crediting, the best method for Romanian market’s conditions?

Keywords: capital market; crediting; financial crisis; mortgage market. (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations:

Downloads: (external link)
http://store.ectap.ro/suplimente/Finante_nov_2008_en.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:12(517)(supplement):y:2008:i:12(517)(supplement):p:31-36

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Mircea Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania / Editura Economica Contact information at EDIRC.
Bibliographic data for series maintained by Mircea Dinu ().