References
- Baulkaran, V., P. Jain and M. Sunderman (2019), Housing “beta”: Common risk factor in returns of stocks, The Journal of Real Estate Finance and Economics, 58, 438-456.
- Bengtsson, E., M. Grothe and E. Lepers (2020), Home, safe home: Cross-country monitoring framework for vulnerabilities in the residential real estate sector, Journal of Banking and Finance, 112, 105268.
- Borio, C. and M. Drehmann (2009), Assessing the risk of banking crises – revisited, BIS Quarterly Review, March, 29-49.
- Bourassa, S. C., M. Hoesli and E. Oikarinen (2019), Measuring house price bubbles, Real Estate Economics, 47(2), 534-563.
- Central Bank of Malta (2021), Assessing cyclical risks in Malta, Financial Stability Report, 19-25.
- Chenet, H., J. Ryan-Collins and F. van Lerven (2021), Finance, climate-change and radical uncertainty: Towards a precautionary approach to financial policy, Ecological Economics, 183, 2-14.
- Ciocchetta, F., W. Cornacchia, R. Felici and M. Loberto (2016), Assessing financial stability risks arising from the real estate market in Italy, 323, Banca d’Italia.
- Dagher, J. and K. Kazimov (2015), Banks liability structure and mortgage lending during the financial crisis, Journal of Financial Economics, 116(3), 565-582.
- Destatis (2023), VGR des Bundes – Anlagevermögen (Wiederbeschaffungspreise/ preisbereinigt) (brutto/netto): Deutschland, Jahre, Vermögensarten, https://www-genesis.destatis.de/genesis/online (1 November 2023).
- Drehmann, M., C. E. V. Borio, L. Gambacorta, G. Jiménez and C. Trucharte (2010), Countercyclical capital buffers: Exploring options, SSRN Electronic Journal, 1-58.
- Drehmann, M. and M. Juselius (2012), Do debt service costs affect macroeconomic and financial stability?, BIS Quarterly Review September, 21-35.
- Drouhin, P.-A., A. Simon and Y. Essafi (2016), Forward curve risk factors analysis in the UK real estate market, The Journal of Real Estate Finance and Economics, 53(4), 494-526.
- European Mortgage Federation (2022), A review of Europe’s mortgage and housing markets, EMF Hypostat, 6-81.
- European Systemic Risk Board (2016), Vulnerabilities in the EU residential real estate sector, European System of Financial Supervision, 1-168.
- European Systemic Risk Board (2019), Methodologies for the assessment of real estate vulnerabilities and macroprudential policies: Residential real estate, European System of Financial Supervision, 3-122.
- European Union (2023), Share of housing costs in disposable household income, by type of household and income group, https://dgs-p.eige.europa.eu/data/ (1 November 2023).
- Eurostat (2023), Construction production (index) overview, Eurostat: Statistics Explained, 1-7.
- Jordà, Ò., M. Schularick and A. M. Taylor (2016), The great mortgaging: housing finance, crises and business cycles, Economic Policy, 31(85), 107-152.
- Just, T. and S. Ebner (2006, 11 October), US house price declining: Is Europe next, Deutsche Bank Research, Current Issues.
- Kallberg, J. G., C. H. Liu and P. Pasquariello (2014), On the price co-movement of U.S. residential real estate markets, Real Estate Economics, 42(1), 71-108.
- Kindleberger, C. P. and R. Z. Aliber (2005), Manias, Panics and Crashes, Palgrave Macmillan.
- Lausberg, C. and P. Krieger (2021), Rules for a coherent real estate risk scoring, Journal of European Real Estate Research, 14(1), 1-18.
- Mareš, I. D. (2015), Prediction of mortgage market development through factors obtained in a scoring model, Journal of Finance and Bank Management, 3(1).
- OECD (2023a), GDP and spending – Real GDP forecast – OECD Data, https://data.oecd.org/gdp/real-gdp-forecast.htm (1 November 2023).
- OECD (2023b), Household accounts – Household debt – OECD Data, https://data.oecd.org/hha/household-debt.htm (1 November 2023).
- OECD (2023c), Population projections – OECD Data, https://stats.oecd.org/Index.aspx?DataSetCode=POPPROJ (1 November 2023).
- OECD (2023d), Prices – Housing prices – OECD Data, https://data.oecd.org/price/housing-prices.htm (1 November 2023).
- OECD (2023e), Prices – Housing prices – OECD Data, https://data.oecd.org/price/housing-prices.htm (1 November 2023).
- Pavlov, A., E. Steiner and S. Wachter (2015), Macroeconomic risk factors and the role of mispriced credit in the returns from international real estate securities, Real Estate Economics, 43(1), 241-270.
- Posen, A. S. (2006), Why central banks should not burst bubbles, International Finance, 9(1), 109-124.
- Saiyed, F., J. Pitroda and S. Malek (2016), Assessment of very critical risk factors in real estate sector by criticality index, in Proceedings of the international conference on engineering: issues, opportunities and challenges for development, Umrakh, Gujarat, India, SNPITRC, 193-205.
- Summers, L. H. (2016), The age of secular stagnation: What it is and what to do about it, Foreign affairs, 95(2), 2-9.
- Szemere, R. (2023), BIS residential property price statistics, Q1-2023, Bank for International Settlements, 1-8.
- Trading Economics (2023), Government bond 10y forecast 2023/2024, https://tradingeconomics.com/forecast/government-bond-10y (1 November 2023).
- United Nations (2023), Rate of population change, https://population.un.org/dataportal/data/indicators/ (1 November 2023).
- Wilmarth Jr., A. E. (2008), The dark side of universal banking: Financial conglomerates and the origins of the subprime financial crisis, Connecticut Law Review, 41, 963-1051.
- Wooldridge, J. M. (2011), Introductory econometrics: A modern approach, South-Western Cengage Learning.
- Yang, J., Z. Yu and Y. Deng (2018), Housing price spillovers in China: A high-dimensional generalized VAR approach, Regional Science and Urban Economics, 68, 98-114.
- Yao, J., A. Fagereng and G. Natvik (2015), Housing, debt and the marginal propensity to consume, 1-38.
- Zhou, W., M. Chen, Z. Yang and X. Song (2021), Real estate risk measurement and early warning based on PSO-SVM, Socio-economic planning sciences, 77(C), 101001.