Exuberance, bubbles and bubble contagion in the portuguese housing market: a perspective from disaggregate bank evaluations

Detalhes bibliográficos
Autor(a) principal: Huget, René
Data de Publicação: 2020
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/108432
Resumo: Bubbles in housing markets can impact the macroeconomy via wealth effects and the banking system via credit backed by overvalued collateral. Housing bubbles also reduce affordability of shelter as a basic need. This paper finds bubbles/exuberance in the Portuguese housing markets using suitable empirical methods. Evidence for bubble contagion from Lisbon and Porto towards surrounding housing markets is provided. Alternative explanations for the findings are discussed. Further, the work sheds light on the link between housing bubbles and the banking system; and provides possible policy suggestions addressing the current bubble behaviour.
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spelling Exuberance, bubbles and bubble contagion in the portuguese housing market: a perspective from disaggregate bank evaluationsPortuguese housing marketHousing bubblesExuberant behaviourBubble contagionDomínio/Área Científica::Ciências Sociais::Economia e GestãoBubbles in housing markets can impact the macroeconomy via wealth effects and the banking system via credit backed by overvalued collateral. Housing bubbles also reduce affordability of shelter as a basic need. This paper finds bubbles/exuberance in the Portuguese housing markets using suitable empirical methods. Evidence for bubble contagion from Lisbon and Porto towards surrounding housing markets is provided. Alternative explanations for the findings are discussed. Further, the work sheds light on the link between housing bubbles and the banking system; and provides possible policy suggestions addressing the current bubble behaviour.Rodrigues, Paulo Manuel MarquesRUNHuget, René2020-12-10T16:38:24Z2020-06-042020-05-212020-06-04T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/108432TID:202523977enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:52:56Zoai:run.unl.pt:10362/108432Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:41:10.546695Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Exuberance, bubbles and bubble contagion in the portuguese housing market: a perspective from disaggregate bank evaluations
title Exuberance, bubbles and bubble contagion in the portuguese housing market: a perspective from disaggregate bank evaluations
spellingShingle Exuberance, bubbles and bubble contagion in the portuguese housing market: a perspective from disaggregate bank evaluations
Huget, René
Portuguese housing market
Housing bubbles
Exuberant behaviour
Bubble contagion
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Exuberance, bubbles and bubble contagion in the portuguese housing market: a perspective from disaggregate bank evaluations
title_full Exuberance, bubbles and bubble contagion in the portuguese housing market: a perspective from disaggregate bank evaluations
title_fullStr Exuberance, bubbles and bubble contagion in the portuguese housing market: a perspective from disaggregate bank evaluations
title_full_unstemmed Exuberance, bubbles and bubble contagion in the portuguese housing market: a perspective from disaggregate bank evaluations
title_sort Exuberance, bubbles and bubble contagion in the portuguese housing market: a perspective from disaggregate bank evaluations
author Huget, René
author_facet Huget, René
author_role author
dc.contributor.none.fl_str_mv Rodrigues, Paulo Manuel Marques
RUN
dc.contributor.author.fl_str_mv Huget, René
dc.subject.por.fl_str_mv Portuguese housing market
Housing bubbles
Exuberant behaviour
Bubble contagion
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Portuguese housing market
Housing bubbles
Exuberant behaviour
Bubble contagion
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description Bubbles in housing markets can impact the macroeconomy via wealth effects and the banking system via credit backed by overvalued collateral. Housing bubbles also reduce affordability of shelter as a basic need. This paper finds bubbles/exuberance in the Portuguese housing markets using suitable empirical methods. Evidence for bubble contagion from Lisbon and Porto towards surrounding housing markets is provided. Alternative explanations for the findings are discussed. Further, the work sheds light on the link between housing bubbles and the banking system; and provides possible policy suggestions addressing the current bubble behaviour.
publishDate 2020
dc.date.none.fl_str_mv 2020-12-10T16:38:24Z
2020-06-04
2020-05-21
2020-06-04T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/108432
TID:202523977
url http://hdl.handle.net/10362/108432
identifier_str_mv TID:202523977
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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