EUROOPA LIIDU RIIKIDE KINNISVARATURU TSÜKLITE JA SELLEGA SEOTUD MAKROTEGURITE NING LAENUTURU TEGURITE AEGRIDADE MUSTRID AASTATEL 2005-2013
Regarding to arrears in mortgage payments the pattern of structure were different
between countries. It can be explained with a fact, that it is important to take into
account the country-based characteristics such as loan policies and measures to cope
with the financial crisis. The Baltic states, which were similar in terms of the dynamics
of the real estate market, was not similar by dynamics in terms of payment defaults.
Estonia is one example where banks tend to have very strict policys regarding payment
defaults and therefore many most banks looked for solutions to restructure the loans,
keep the payment defaults and volume low. Since this work does not take into account
all the factors within each country, the credit market cycle patterns need further
investigation.
In conclusion the theoretical linear statistical models are important for finding trends in
market and cyclical fluctuations, but for short-term analyzis this approach can be too
robust
annaabi.ee 
