Whither peripheral financialisation? Housing finance in Croatia since the global financial crisis

Title:

Whither peripheral financialisation? Housing finance in Croatia since the global financial crisis

Creator:

Mikuš, Marek

Identifier:

https://cdk.lib.cas.cz/client/handle/uuid:4fc6a5aa-7db0-4c0e-8b1b-9b1052ec7ca6
uuid:4fc6a5aa-7db0-4c0e-8b1b-9b1052ec7ca6
doi:10.13060/23362839.2022.9.1.541

Subject:

Croatia, Eastern Europe, household debt, housing finance, and peripheral financialisation

Type:

model:article and TEXT

Format:

počítač and online zdroj

Description:

This article analyses recent developments in Croatian housing finance to update the established account of housing finance and peripheral financialisation in Eastern Europe that is based on the boom-bust cycle of the 2000s and early-to-mid 2010s. During the bust stage of that cycle, changes in regulation and in the behaviour of debtors and creditors resulted in deleveraging and a shift away from the risky and exploitative lending practices characteristic of peripheral housing finance. However, new increases in household debt and housing prices since 2016–17, coupled with the COVID-19 pandemic, seem to have reversed these trends. While a boom-bust cycle of similar scope and modality to the first one is unlikely to be repeated, peripheral forms of housing finance have persisted to some degree.

Language:

English

Rights:

http://creativecommons.org/licenses/by-nc-sa/4.0/
policy:public

Coverage:

57-67

Source:

Critical Housing Analysis | 2022 Volume:9 | Number:1

Harvested from:

CDK

Metadata only:

false