- PII
- S042473880000616-6-1
- DOI
- 10.7868/S0000616-6-1
- Publication type
- Article
- Status
- Published
- Authors
- Volume/ Edition
- Volume 50 / Issue 2
- Pages
- 35-57
- Abstract
We develop a dynamic model for analyzing the programs of contractual savings for housing (CSH). We introduce concepts of stability as well as strong and weak stability of trajectories generated by CSH programs, and obtain the necessary and suffi cient conditions that guarantee fulfi llment of these properties. Experimental calculations indicate that CSH programs ensure stable fi nancing of its members under wide range of variation of parameters which are close to real data
- Keywords
- mortgage, programs of contractual savings for housing, Bausparkassen, contractual savings for housing bank accounts, stability
- Date of publication
- 01.04.2014
- Year of publication
- 2014
- Number of purchasers
- 1
- Views
- 959