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macroprudential standards for mortgage lending while undertaking tax reforms to gradually reduce incentives for excessive leverage …
Persistent link: https://www.econbiz.de/10011244493
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10011244786
stability. The rise in household debt and the banking system’s increased exposure to mortgage debt resulted with the changes …
Persistent link: https://www.econbiz.de/10011244923
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 …
Persistent link: https://www.econbiz.de/10011245042
This Technical Note discusses key findings of the insolvency and creditor rights assessment for Lithuania. Lithuania has made significant progress in the field of creditor rights legislation and related institutions. Under the current legal framework, the creation and registration of secured...
Persistent link: https://www.econbiz.de/10011245697
Treasury inflation protected securities (TIPS), budget institutions for federal fiscal consolidation, and mortgage …
Persistent link: https://www.econbiz.de/10011242497
This technical note assesses the vulnerabilities of household and corporate sector balance sheets and quantifies the potential impacts from macroeconomic shocks using sensitivity and contingent claims analyses. The note analyzes the risks to the Spanish financial stability arising from household...
Persistent link: https://www.econbiz.de/10011242733
Spain’s housing boom was supported by rapid economic expansion, strong employment growth, an immigration boom, and low real interest rates. With the abrupt drying up of funding since mid-2007, these factors have eroded quickly. Through 2010, employment and value added in construction are...
Persistent link: https://www.econbiz.de/10011243185
This paper assesses the impact of high household debt on economic volatility in Canada. The debt per se may not necessarily be a risk for economic activity; it can amplify other shocks as well. A few studies have emphasized the link between the growth of household debt before 2007 and the...
Persistent link: https://www.econbiz.de/10011243378
market. The government improved the legal environment for mortgage finance by passing reforms that reduced the average time … to foreclosure from five years to two, by facilitating the reform of several state property registries and by … facilitating mortgage securitization. …
Persistent link: https://www.econbiz.de/10011243628