The (dis)harmonized residential property mortgages in the EU

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

The (dis)harmonized residential property mortgages in the EU

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

The (dis)harmonized residential property mortgages in the EU

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název statě ve sborníku

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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Počet stran výsledku

13

Strana od-do

33-45

Název nakladatele

Anglo-americká vysoká škola, z.ú.

Místo vydání

Praha

Místo konání akce

Praha

Datum konání akce

30. 9. 2016

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000392607200003