Co-Integration between Mortgage Markets in the Monetary Union: 1995–2008

Carmen Lopez-Andion (), José Manuel Maside Sanfiz () and Maria-Celia Penabad
Additional contact information
José Manuel Maside Sanfiz: University of Santiago de Compostela, Spain, http://www.usc.es/en/index.jsp

Czech Journal of Economics and Finance (Finance a uver), 2010, vol. 60, issue 1, 40-57

Abstract: This study provides evidence on the level of integration within the European Monetary Union mortgage markets between 1995 and 2008. The relationships between national mortgage markets are analyzed and an assessment is made of the extent to which these co-integrate with one another and with the average. In order to achieve this, mortgage interest rate series are studied using co-integration methodology. The process reveals that there are few relationships of this kind, and those that exist are most prevalent in the period 2000–2005 and, to a lesser extent, at the end of the period analyzed.

Keywords: mortgage market; European Monetary Union; integration; co-integration; rolling regression (search for similar items in EconPapers)
JEL-codes: C5 F36 G15 (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://journal.fsv.cuni.cz/storage/1179_1179_str_40_57_-_lopez.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:fau:fauart:v:60:y:2010:i:1:p:40-57

Access Statistics for this article

More articles in Czech Journal of Economics and Finance (Finance a uver) from Charles University Prague, Faculty of Social Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Natalie Svarcova ().