These crises were associated with a generalized
drop in equity markets as well as...makes it more likely for borrowers to fall into negative equity if asset prices...
Most often it is the result of mac-
roeconomic mismanagement in the past that led...includes Croatia, Bulgaria and to some extent, Romania), high deposit euroisation...
The IMF (2006) claimed
that higher interest rates led to a weakening in the demand...main factor
explaining why an adjustment of the housing market in one
country...
