Matches in DBpedia 2016-04 for { <http://dbpedia.org/resource/Baltic_states_housing_bubble> ?p ?o }
- Baltic_states_housing_bubble abstract "The Baltic states housing bubble is an economic bubble involving major cities in Estonia, Latvia and Lithuania. The Baltic States had enjoyed a relatively strong economic growth between 2000 and 2006, and the real estate sectors had performed well since 2000. In fact, in between 2005Q1 and 2007Q1, the official house price index for Estonia, Latvia and Lithuania recorded a sharp jump of 104.6%, 134.3% and 106.7%. By comparison, the official house price index for Euro Area increased by 11.8% for a similar time period.The crisis eventually sets in 2007 due to financial crisis of 2007-08 resulted in a fragile Baltic economies. The housing price correction began in Estonia by mid-2007 followed by Latvia and Lithuania in mid-2008. Subsequently, the Latvia and Estonia experienced recession by first half of 2008, while Lithuania experienced a slowdown in its economy by first half of 2008. The situation worsened after the September 2008 global financial crash sending the entire region into a full-blown recession. All three countries experienced recession by 2009.The increase of credit supply to private sectors was largely to be blamed for the housing bubble in Baltic states, due to availability of financing from foreign lenders (dominantly Scandinavian banks). Domestic bank (notably Parex Bank, national bank in Latvia) were largely reliant on rolling their foreign loans (denominated in Euro) with large exposure to the real estate sector. The condition was further worsened due to the absence of loan-to-value ratio as well as negative real interest rate has spurred speculators to drive the market housing demand higher. The credit supply was then deteriorated at the peak of the boom as both foreign and domestic banks tighten lending standards due to higher credit risk in the region. Subsequently, real estate market were dragged down, further deteriorate credit quality, forced banks to further tighten lending standards.The severity of the crisis differed from one to another; with Latvia was the hardest hit by the crisis. Latvia applied for balance of payments support from International Monetary Fund, the European Union and regional members in November 2008 in order to strengthen the fiscal situation following the bail out of Parex Bank (largest bank in Latvia). Lithuania experienced lesser impact from the crisis compared to Latvia, as it adopted significant austerity measures and more stimulus measurements compared to the both Baltic states. Nevertheless, public sector wage faced cuts as well as lesser social benefits. Estonia, on the other hand, saw the public sector wages and benefits slashed in order to improve the budget balance in preparation for the adoption of euro.".
- Baltic_states_housing_bubble thumbnail House_Price_Index_for_Baltic_states_and_Euro_area_(2005Q1-2010Q4).png?width=300.
- Baltic_states_housing_bubble wikiPageExternalLink ?838.
- Baltic_states_housing_bubble wikiPageExternalLink latvia_en.htm.
- Baltic_states_housing_bubble wikiPageExternalLink index_en.htm.
- Baltic_states_housing_bubble wikiPageExternalLink index.htm.
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- Baltic_states_housing_bubble wikiPageRevisionID "674189877".
- Baltic_states_housing_bubble wikiPageWikiLink 1998_Russian_financial_crisis.
- Baltic_states_housing_bubble wikiPageWikiLink 2004_enlargement_of_the_European_Union.
- Baltic_states_housing_bubble wikiPageWikiLink Alcohol.
- Baltic_states_housing_bubble wikiPageWikiLink Algirdas_Butkevičius.
- Baltic_states_housing_bubble wikiPageWikiLink Andrius_Kubilius.
- Baltic_states_housing_bubble wikiPageWikiLink Andrus_Ansip.
- Baltic_states_housing_bubble wikiPageWikiLink Baltic_states.
- Baltic_states_housing_bubble wikiPageWikiLink Bank_of_Estonia.
- Baltic_states_housing_bubble wikiPageWikiLink Bank_of_Lithuania.
- Baltic_states_housing_bubble wikiPageWikiLink Benchmark_price.
- Baltic_states_housing_bubble wikiPageWikiLink Bureaucracy.
- Baltic_states_housing_bubble wikiPageWikiLink Capital_(economics).
- Baltic_states_housing_bubble wikiPageWikiLink Category:Economic_bubbles.
- Baltic_states_housing_bubble wikiPageWikiLink Category:Housing_in_Lithuania.
- Baltic_states_housing_bubble wikiPageWikiLink Construction.
- Baltic_states_housing_bubble wikiPageWikiLink Consumption_(economics).
- Baltic_states_housing_bubble wikiPageWikiLink Copenhagen.
- Baltic_states_housing_bubble wikiPageWikiLink Credit_(finance).
- Baltic_states_housing_bubble wikiPageWikiLink Current_account.
- Baltic_states_housing_bubble wikiPageWikiLink Debt.
- Baltic_states_housing_bubble wikiPageWikiLink Deflation.
- Baltic_states_housing_bubble wikiPageWikiLink Deposit_insurance.
- Baltic_states_housing_bubble wikiPageWikiLink Disposable_and_discretionary_income.
- Baltic_states_housing_bubble wikiPageWikiLink Dividend.
- Baltic_states_housing_bubble wikiPageWikiLink Emigration.
- Baltic_states_housing_bubble wikiPageWikiLink Energy.
- Baltic_states_housing_bubble wikiPageWikiLink Estonia.
- Baltic_states_housing_bubble wikiPageWikiLink Estonian_parliamentary_election,_2007.
- Baltic_states_housing_bubble wikiPageWikiLink Estonian_parliamentary_election,_2011.
- Baltic_states_housing_bubble wikiPageWikiLink Euro.
- Baltic_states_housing_bubble wikiPageWikiLink Euro_sign.
- Baltic_states_housing_bubble wikiPageWikiLink Europe.
- Baltic_states_housing_bubble wikiPageWikiLink European_Union.
- Baltic_states_housing_bubble wikiPageWikiLink Eurostat.
- Baltic_states_housing_bubble wikiPageWikiLink Eurozone.
- Baltic_states_housing_bubble wikiPageWikiLink Export.
- Baltic_states_housing_bubble wikiPageWikiLink File:Apartments_Prices_Dynamic_in_Selected_Cities,_2004-2009.png.
- Baltic_states_housing_bubble wikiPageWikiLink File:House_Price_Index_for_Baltic_states_and_Euro_area_(2005Q1-2010Q4).png.
- Baltic_states_housing_bubble wikiPageWikiLink File:House_Price_to_Rent_Ratio_for_the_Baltic_States.png.
- Baltic_states_housing_bubble wikiPageWikiLink File:Housing_Affordability_Index_for_the_Baltic_States.png.
- Baltic_states_housing_bubble wikiPageWikiLink Financial_crisis_of_2007–08.
- Baltic_states_housing_bubble wikiPageWikiLink Foreign_direct_investment.
- Baltic_states_housing_bubble wikiPageWikiLink Foreign_exchange_risk.
- Baltic_states_housing_bubble wikiPageWikiLink Fuel.
- Baltic_states_housing_bubble wikiPageWikiLink Gediminas_Kirkilas.
- Baltic_states_housing_bubble wikiPageWikiLink Government_budget_balance.
- Baltic_states_housing_bubble wikiPageWikiLink Greece.
- Baltic_states_housing_bubble wikiPageWikiLink Gross_domestic_product.
- Baltic_states_housing_bubble wikiPageWikiLink Homeland_Union.
- Baltic_states_housing_bubble wikiPageWikiLink Import.
- Baltic_states_housing_bubble wikiPageWikiLink Income_tax.
- Baltic_states_housing_bubble wikiPageWikiLink Inflation.
- Baltic_states_housing_bubble wikiPageWikiLink Interest_rate.
- Baltic_states_housing_bubble wikiPageWikiLink Interest_rate_risk.
- Baltic_states_housing_bubble wikiPageWikiLink International_Monetary_Fund.
- Baltic_states_housing_bubble wikiPageWikiLink Investment.
- Baltic_states_housing_bubble wikiPageWikiLink Ireland.
- Baltic_states_housing_bubble wikiPageWikiLink Ivars_Godmanis.
- Baltic_states_housing_bubble wikiPageWikiLink Jelgava.
- Baltic_states_housing_bubble wikiPageWikiLink Jūrmala.
- Baltic_states_housing_bubble wikiPageWikiLink Kaunas.
- Baltic_states_housing_bubble wikiPageWikiLink Klaipėda.
- Baltic_states_housing_bubble wikiPageWikiLink Kurzeme_District,_Riga.
- Baltic_states_housing_bubble wikiPageWikiLink Labour_Party_(Lithuania).
- Baltic_states_housing_bubble wikiPageWikiLink Latvia.
- Baltic_states_housing_bubble wikiPageWikiLink Latvian_Unity_Party.
- Baltic_states_housing_bubble wikiPageWikiLink Latvian_parliamentary_election,_2010.
- Baltic_states_housing_bubble wikiPageWikiLink Latvian_parliamentary_election,_2011.
- Baltic_states_housing_bubble wikiPageWikiLink Latvian_Way.
- Baltic_states_housing_bubble wikiPageWikiLink Lehman_Brothers.
- Baltic_states_housing_bubble wikiPageWikiLink Liability_(financial_accounting).
- Baltic_states_housing_bubble wikiPageWikiLink Liberal_Movement_(Lithuania).
- Baltic_states_housing_bubble wikiPageWikiLink Liberal_and_Centre_Union.
- Baltic_states_housing_bubble wikiPageWikiLink Liepāja.
- Baltic_states_housing_bubble wikiPageWikiLink List_of_countries_by_GDP_(nominal)_per_capita.
- Baltic_states_housing_bubble wikiPageWikiLink Lithuania.
- Baltic_states_housing_bubble wikiPageWikiLink Lithuanian_litas.
- Baltic_states_housing_bubble wikiPageWikiLink Lithuanian_parliamentary_election,_2008.
- Baltic_states_housing_bubble wikiPageWikiLink Lithuanian_parliamentary_election,_2012.
- Baltic_states_housing_bubble wikiPageWikiLink Loan-to-value_ratio.
- Baltic_states_housing_bubble wikiPageWikiLink Maastricht_Treaty.
- Baltic_states_housing_bubble wikiPageWikiLink Manufacturing.
- Baltic_states_housing_bubble wikiPageWikiLink Market_liquidity.
- Baltic_states_housing_bubble wikiPageWikiLink Market_tightness.
- Baltic_states_housing_bubble wikiPageWikiLink Minimum_wage.
- Baltic_states_housing_bubble wikiPageWikiLink Mortgage_loan.
- Baltic_states_housing_bubble wikiPageWikiLink National_Alliance_(Latvia).
- Baltic_states_housing_bubble wikiPageWikiLink National_Resurrection_Party.
- Baltic_states_housing_bubble wikiPageWikiLink New_Union_(Social_Liberals).
- Baltic_states_housing_bubble wikiPageWikiLink Non-performing_loan.