The real estate bubble, banking system and the economic growth.

Authors

  • E. Freitakas Vilnius University, Chair of Finances and Accounting

Keywords:

commercial banks, real estate, crediting, loans, mortgage loans, national economy

Abstract

The article presents an overview portfolio of loans and portfolio of mortgage loans in Lithuania, Latvia and Estonia. Impact of commercial banks on economic growth of three countries.

Author Biography

E. Freitakas, Vilnius University, Chair of Finances and Accounting

associated professor, doctor

References

Atoyan R. (2010) Beyond the Crisis: Revisiting Emerging Europe’s Growth Model. IMF Working Paper. http://www.imf.org/external/pubs/ft/wp/2010/wp1092.pdf

Canoy M., Van Dijk M., Lemmen M., De Mooij R., Weigand J. (2001) Competition and stability in banking. CPB Netherlands Bureau for Economic Policy Analysis. 191 p. ISBN 90-5833-084-2

GARCIA-LUNA, Pablo; MOHANTY, M S; SCHNABEL, Gert. (2005) Banks and aggregate credit: what is new? Iš BIS Papers http://www.bis.org/publ/bppdf/bispap28b.pdf>.

Bernanke B., Gertler M., Gilchrist S. (1996) The Financial Accelerator and the Flight to Quality.The Review of Economics and Statistics, Vol. 78, No. 1. (Feb., 1996), p. 1-15

Ramanauskas T. (2005) Bankų kredito didėjimas makroekonominiu požiūriu. Pinigų studijos. Nr. 3. p.78-97.

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