Author (Person) | Rebi, Erjona |
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Series Title | Eastern Journal of European Studies |
Series Details | Vol.7, No.1, June 2016, p151 |
Publication Date | June 2016 |
ISSN | 2068-651X |
Content Type | Journal | Series | Blog |
Abstract: The housing market is an important sector for Albanian banks. Housing market financing dominates retail loans, and at the same time, houses represent a high share of the pledged collateral. This study aims to evaluate the role that the housing market plays in the Albanian banks’ risk-taking profile. The empirical work confirms the statistically significant difference in the risk profile between real estate and non-real estate banks. The dynamics of the housing market influences both types of banks, but the real estate banks are more sensitive to the housing market conditions. The negative relationship between the housing market developments with specialization of banks in real estate market reflects the high informality of the housing market and handicaps such as governmental interference, institutional shortcomings and flawed enforcement of property rights. |
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Source Link | Link to Main Source http://ejes.uaic.ro/articles/EJES2016_0701_REB.pdf |
Subject Categories | Business and Industry |
Countries / Regions | Albania |