“…By initiating a domestic boom these factors, ultimately, attract capital inflows from the rest of the Eurozone. Prime candidates for this hypothesis are a relaxation of credit standards that foster credit supply by the banking industry (see, e.g., Helbling et al, 2011;Bassett et al, 2014) as well as housing bubble shocks that fuel markets against the backdrop in belief of ever surging house prices (see, e.g., Shiller, 2005Shiller, , 2007In't Veld et al, 2011).…”