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Markets of loans provided to household and their integration measured by price indicators

Pavla, Vodová (2010): Markets of loans provided to household and their integration measured by price indicators. Published in: Mathematical Methods in Economics (2010): pp. 664-669.

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Abstract

The aim of this paper is to assess with price indicators the extent to which markets of loans provided to households in Visegrad countries are integrated with euro zone countries. Analysis of alignment and beta and sigma convergence concept showed that mortgage loan markets were much more integrated than consumer loan markets in period from January 2005 to March 2010. Czech and Slovak consumer loans market and Polish and Hungarian mortgage loans market have statistically significant relatively higher speed of convergence. However, barriers of integration are still very important.

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