Does the real estate market behavior predict the trust crisis in the financial sector? The case of the ECB and the Euro

Research background: Based on the history of financial crises, real estate market behavior could be thought as a key benchmark trust shifts in sector economy. Plunging asset prices accompanied by "bubbles" explosion viewed harbinger ? even cause public crash sector.
 Purpose article: This study intends to assess extent which determinants, along with consumers' feelings, are able predict crises sector, namely its primary institutions European Central Bank and Euro.
 Methods: In order estimate probability crisis two logistic regression logit models were developed based types dependent variables they reflect violations system net (Model I) support for Euro II). The research was conducted quarterly panel data EU countries from euro area covering period 2000 2019. Logit regressions employed processing analysis performed computational STATISTICA.
 Findings & value added: logit-modeling results show that determinants irrational buyers' powerless predicting escalation Euro. However, binary successfully used Bank. house price indices, income ratio, rent feelings statistically significant, providing best distribution between normal times periods Irrational may indicate serious problems Bank, it should signal policymakers take actions towards more efficient regulation following behavioral approach.