The paper emphasizes the role of institutions and incentives in the presence of externalities. An economy with multiple … effective institutions exist for overcoming coordination failure. External financing may weaken incentives for adjustment over … that strengthen incentives to provide effort. Uncertainty regarding future taxes reduces present effort and the …

observed in the quality of consumer loan portfolio, the foreign exchange mortgage loan portfolio also presents vulnerabilities …

market. The government improved the legal environment for mortgage finance by passing reforms that reduced the average time … facilitating mortgage securitization. …

This technical note presents a comparative analysis of the Danish Mortgage Market. It discusses the particularities of … the regulatory framework of the Danish mortgage system. The note compares and contrasts mortgage financing in Denmark and … evolutions, which could have potentially far-reaching consequences for the Danish mortgage system, are elaborated. The note also …

This background paper describes five different tools that can be used for the assessment of tax incentives by … framework for assessment. Evaluations of the various costs and benefits of tax incentives are vital for informed decision making … light on the implications of tax parameters - including targeted tax incentives - on investment returns and help understand …

stability. The rise in household debt and the banking system’s increased exposure to mortgage debt resulted with the changes …

, housing market cyclicality could be reduced by fading out generous home ownership incentives. …