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Innovation in Banking and Excessive Loan Growth
International Monetary Fund - 2008
The volume of credit extended by a bank can be an informative signal of its abilities in loan selection and management. It is shown that, under asymmetric information, banks may therefore rationally lend more than they would otherwise in order to demonstrate their quality, thus negatively...
Persistent link: https://www.econbiz.de/10014401746
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Jamaica SME Finance
International Monetary Fund - 2015
Almost all formal small and medium enterprises (SMEs) in Jamaica have access to checking or saving accounts, but the financial sector is scarcely used to finance their investments. The lack of funding for the SME sector, or its high cost, has a negative impact on entrepreneurship and business...
Persistent link: https://www.econbiz.de/10012564646
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Spain; Financial Sector Assessment Program: Technical Note: Housing Prices, Household Debt, and Financial Stability
International Monetary Fund (IMF); International … - 2006
and mortgage debt. It also describes the Spanish mortgage market and assesses the resilience of the financial sector to a … possible adjustment in the housing and mortgage markets. It presents a market-based indicator to show the market views on the … quality of the mortgage portfolio and also provides recommendations. …
Persistent link: https://www.econbiz.de/10011244584
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Australia; Selected Issues
International Monetary Fund (IMF); International … - 2003
Property price inflation has accelerated during the last few years, propelled by low mortgage rates, poor returns from …
Persistent link: https://www.econbiz.de/10005598837
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Are House Prices Rising too Fast in China?
International Monetary Fund (IMF); International … - 2010
.Given persistently low real interest rates, lack of alternative investment and mortgage-to-GDP trend, rapid property price growth in …
Persistent link: https://www.econbiz.de/10008777035
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Are House Prices Rising too Fast in Hong Kong SAR?
International Monetary Fund (IMF); International … - 2010
Sharp increase in house prices in Hong Kong SAR in 2009-2010 has led to concerns of an emerging real estate bubble. According to our measure of price deviation from fundamentals, which should be taken as an early warning indicator of market exuberance, the current level of house prices in Hong...
Persistent link: https://www.econbiz.de/10008777036
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United States; Selected Issues
International Monetary Fund (IMF); International … - 2006
This paper discusses how financial innovation turned U.S. mortgages into an asset class with worldwide investor appeal. It suggests that U.S. financial markets have been skilful in developing tools that have helped households exploit favorable global financing conditions to boost home ownership...
Persistent link: https://www.econbiz.de/10011242944
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Canada; Selected Issues Paper
International Monetary Fund (IMF); International … - 2011
Canadian housing prices are higher than levels consistent with current fundamentals in some provinces. The empirical estimates suggest that a 10 percent decline in housing prices would lead to a 1¼ percent decline in private consumption. The high level of household leverage and housing prices...
Persistent link: https://www.econbiz.de/10011243089
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Denmark : Financial Sector Assessment Program: Technical Note: The Danish Mortgage Market: A Comparative Analysis
International Monetary Fund - 2007
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/10014407250
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Quota Brokers
International Monetary Fund - 2004
This paper examines the role of middlemen (brokers) in an imperfect secondary market for quota licenses. Middlemen facilitate trade when markets are thin, as potential buyers and sellers find it difficult to meet and transact directly. However, in thin markets, middlemen also have the ability to...
Persistent link: https://www.econbiz.de/10014404111