Central Banking

Norges Bank, Economic Bulletin, October 2005

Norges Bank, the central bank of Norway, has published its October 2005 Economic Bulletin. The latest Bulletin includes the article 'House prices, equity prices, investment and credit - what do they tell us about banking crises?'

In recent years, many countries have experienced a sharp rise in house prices and household credit. Many have expressed concern that this development is not sustainable over time and that it may lead to financial imbalances. In this article, we will consider whether h

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