Showing 1 - 10 of 99
The 2008 crisis underscored the interconnectedness of the international business cycle, with U.S. shocks leading to the largest global slowdown since the 1930s. We estimate spillover effects across major advanced country regions in a structural VAR (SVAR) using pre-crisis data. Our new method...
Persistent link: https://www.econbiz.de/10014402644
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
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
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
.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
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
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
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
Treasury inflation protected securities (TIPS), budget institutions for federal fiscal consolidation, and mortgage …
Persistent link: https://www.econbiz.de/10011242497
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