Abstract

The main aim of this paper is to test the impact of the selected macroeconomic indicators and to define the indicators that have the largest influence on the mortgage credit market in the Slovak Republic, the Czech Republic, Poland and Hungary from 2006 to 2016. We choose this particular group of countries because these countries are close, both geographically and economically, and information about them is easily accessible. The individual data are taken quarterly and we obtain them from the websites of national banks, from hypo.org, oecd.org and the Eurostat statistical database of the European Union. With the purpose to fulfill the stated goal, we examine existence and character of relationship between the selected macroeconomic variables and the volume of mortgage loans by the correlation analysis. Macroeconomic indicators for the correlation analysis are inflation rates, unemployment rates and mortgage loans interest rates. The results show that there is a positive correlation between mortgage loans and mortgage loans interest rates in the Slovak and Czech Republic. The results also confirm the positive dependence of the relationship between mortgage loans interest rates and the inflation rates in Poland and the Slovak Republic.

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