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This report reviews the macroeconomic determinants of the rapid growth in the Spanish housing market, including various policy elements. It examines the vulnerabilities of households' finances as a result of the rapid growth of housing prices and mortgage debt. It also describes the Spanish...
Persistent link: https://www.econbiz.de/10014407049
written by leading academics in index number theory and by recognised experts in RPPIs compilation. Its development has been …
Persistent link: https://www.econbiz.de/10014394866
In a response to a request from the G20 IFA Working Group, this note provides a framework for public lenders and borrowers to assess collateralized financing practices from a development perspective. The work of the IMF and World Bank suggests that the availability of collateralized financing...
Persistent link: https://www.econbiz.de/10014407912
This paper examines the endogeneity of several structural variables which enter unemployment rate equations—the generosity of unemployment benefits, nonwage labor costs, the relative minimum wage, and the degree of unionization. It finds evidence of reverse causality for these structural...
Persistent link: https://www.econbiz.de/10014396024
This Selected Issues paper for Belgium evaluates whether price increases in Belgium are excessive. It assesses the household and bank balance sheets and their vulnerability to a slowdown in housing prices, and identifies differences in real estate markets between Belgium and other countries. The...
Persistent link: https://www.econbiz.de/10005825451
The financial turmoil of the late 1990s prompted a broad search for tools and techniques for detecting and preventing financial crises, and more recent episodes of instability have high lighted the importance of continuous monitoring of financial systems as a tool for preventing crises. This...
Persistent link: https://www.econbiz.de/10005590915
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/10014403229
agreement with the Government of Canada (Canada), and has entered into amendments to the 2010 borrowing agreement with De … with Canada and the amendments to the borrowing agreements with The Netherlands and Korea will each provide new resources …
Persistent link: https://www.econbiz.de/10014408742
Canada and the Fund. The Government of Canada announced its willingness to lend up to USD 10 billion to the Fund to support …
Persistent link: https://www.econbiz.de/10014410267
This Selected Issues paper for Canada presents comprehensive and broad-based analysis of the role of domestic and … external shocks. Canada’s economic history illustrates the important role played by external as well as domestic macroeconomic … disturbances. Canada’s economy slowed in 2001 because of the global slowdown, although by less than in many other countries. In …
Persistent link: https://www.econbiz.de/10014405847