The (dis)harmonized residential property mortgages in the EU

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F25940082%3A_____%2F16%3AN0000014" target="_blank" >RIV/25940082:_____/16:N0000014 - isvavai.cz</a>

Result on the web

<a href="http://car.aauni.edu/wp-content/uploads/Proceedings-from-the-AAU-Conference-IFRS-Prague-2016.pdf" target="_blank" >http://car.aauni.edu/wp-content/uploads/Proceedings-from-the-AAU-Conference-IFRS-Prague-2016.pdf</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

The (dis)harmonized residential property mortgages in the EU

Original language description

Modern European integration is intimately linked to the single interal market, which was negatively impacted by the global 2008 crises. The instability and loss of confidence extended into many spheres, including the very socially sensitive residential mortgage financing. Almost all EU member states decided to take action in order to boost the stability, responsibility and the level of information. Since the problems have many national particularities and the correction actions also demonstrated dramatic differences between EU member states, the EU went ahead with a legislative initiative which materialized in the Mortgage Credit Directive in 2014 with the ambitious goal to harmonize, support responsible behavior, provide appropriate consumer protection and to stabilize residential lending in the EU in general. The transposition deadline for the MCD expired in March 2016 and it is highly illustrative to overview its key provisions as well as the dynamics of the residential mortgage financing in EU member states since 2008, i.e. both before and after the adoption and transposition of the MCD. The available data, field observation and case studies suggest that residential lending was and remains dramatically different across the EU and that the responsible lending and residential real estate purchasing has variable shapes and intensities due to national particularities.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

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Continuities

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

IFRS: Global Rules and Local Use: Proceedings of the 4th International Scientific Conference

ISBN

978-80-906585-1-6

ISSN

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e-ISSN

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Number of pages

13

Pages from-to

33-45

Publisher name

Anglo-americká vysoká škola, z.ú.

Place of publication

Praha

Event location

Praha

Event date

Sep 30, 2016

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

000392607200003