Stylized Facts About The Mortgage Market In The Czech Republic: A Cross-Correlation Approach
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F17%3A00098238" target="_blank" >RIV/00216224:14560/17:00098238 - isvavai.cz</a>
Result on the web
<a href="http://ibima.org/" target="_blank" >http://ibima.org/</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Stylized Facts About The Mortgage Market In The Czech Republic: A Cross-Correlation Approach
Original language description
This paper investigates a relationship between central bank interest rate (PRIBOR3M) and housing (mortgage) cycles in the Czech economy. The aim is to determine whether central bank’s interest rate is leading indicator for monitoring housing cycles. To assess the crucial role of interest rate in the set of mortgage interest rates is used methodology of leading indicator applied by OECD. Moreover, the crosscorrelation approach identifies the relationship between quarterly interest rate and the following individual variables: house price index, average mortgage interest rate, average fixed 1, 3 and 5 year mortgage interest rates, number of new mortgages, volume of new mortgages, average mortgage amount and mortgage installment. The data set covers a period between 2006:Q1 and 2016:Q3. The results of the paper will be used for later research and modelling of the housing sector in the Czech economy.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50200 - Economics and Business
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of the 30th International Business Information Management Association Conference
ISBN
9780986041990
ISSN
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e-ISSN
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Number of pages
7
Pages from-to
4089-4095
Publisher name
International Business Information Management Association
Place of publication
Madrid
Event location
Madrid
Event date
Nov 8, 2017
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000443640503019