These countries all coped with the crisis and its aftermath relatively well. Economic and financial stability strengthened the demand for houses because it enhanced the perception that they are safe, high-quality assets. 19 Consequently, households may have decided to shift more of their wealth into housing and consume more housing services as their income increased by buying more owner-occupied dwellings over time.
*  *  *  Dear Governor Isărescu, Ladies and gentlemen, I am delighted to be here today for the opening of the Euro Exhibition, which is being hosted by Banca Naţională a României until 27 May 2011.