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– Banks, investors, consumers and developers in the market. A measure of tensions. A partial equilibrium model
Hanna Augustyniak
Jacek Łaszek
Krzysztof Olszewski
Abstract
This article the previously presented insight and knowledge is put together into one model. The main market participants (banks, investors, consumers and developers) that need to be monitored in order to improve the macro-stability of the whole system are described. The focus is on the equilibrium conditions of those participants. An indicator system, which allows to detect tensions early, is introduced. It should help policymakers to give precise recommendations which parameters in the market need to be adjusted in order to bring the real estate market back on the equilibrium path.
Keywords:
bank, inwestor, consumer, developer, redisential real estate sector equilibriumMost read articles by the same author(s)
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