This paper is concerned with the development of housing finance in peripheral European states. Interestingly, the biggest mortgage and housing booms and busts prior to the Global Financial Crisis (GFC) have occurred in these countries, rather than in the core. This is surprising, given the...

This paper is concerned with the development of housing finance in peripheral European states. Interestingly, the biggest mortgage and housing booms and busts prior to the Global Financial Crisis (GFC) have occurred in these countries, rather than in the core. This is surprising, given the...

Historically, major economic crises have also always been turning points for policy paradigms. Crises were moments for critical choices, when established paradigms collapsed, and alternatives were tested. In this respect, the Great Recession seems to differ. A growing literature tries to grapple...