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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

Banks' Liability Structure and Mortgage Lending During the Financial Crisis

Dagher, Jihad; Kazimov, Kazim - International Monetary Fund (IMF) - 2012

credit during the financial crisis in the United States. We focus on mortgage lending to minimize the impact of confounding … credit. The disaggregated data on mortgage applications that we use allows us to study the time variations in banksâ …€™ decisions to grant mortgage loans, while controlling for bank, borrower, and regional characteristics. The wealth of data also …

Persistent link: https://www.econbiz.de/10011142090

Imf Drawing Programs; Participation Determinants and Forecasting

Cerutti, Eugenio - International Monetary Fund (IMF) - 2007

This paper studies the factors that have influenced countries' participation in IMF drawing programs. IMF drawing programs are defined as the period of a Stand-By Arrangement or an Extended Fund Facilities program during which a country borrows from the Fund. Since this definition excludes...

Persistent link: https://www.econbiz.de/10005248203

Modeling Aggregate Use of Fund Resources; Analytical Approaches and Medium-Term Projections

Ghosh, Atish R.; Zalduendo, Juan; Goretti, Manuela; … - International Monetary Fund (IMF) - 2007

This paper presents two approaches to modeling the use of IMF resources in order to gauge whether the recent decline in credit outstanding is a temporary or a permanent phenomenon. The two approaches-the time series behavior of credit outstanding and a two-stage program selection and access...

Persistent link: https://www.econbiz.de/10005825617

Network Externalities and Dollarization Hysteresis; The Case of Russia

Oomes, Nienke - International Monetary Fund (IMF) - 2003

Dollarization in Russia increased rapidly during the early 1990s, but failed to come down in the second half of the 1990s in spite of exchange rate stabilization. To explain this "dollarization hysteresis," this paper develops a model in which network externalities in the demand for currency can...

Persistent link: https://www.econbiz.de/10005826083

What Drives Household Borrowing and Credit Constraints? Evidence From Bosnia and Herzegovina

Chen, Ke Chen; Chivakul, Mali - International Monetary Fund (IMF) - 2008

Although Bosnia and Herzegovina (BiH) has experienced rapid growth in credit to households in recent years, most individuals are still credit constrained. This paper analyzes the determinants of household credit demand and credit constraints in BiH. To our knowledge, it is the first study on...

Persistent link: https://www.econbiz.de/10005826417

Russia and the WTO; The "Gravity" of Outsider Status

Lissovolik, Yaroslav; Lissovolik, Bogdan - International Monetary Fund (IMF) - 2004

With China's accession to the WTO in 2001, Russia is by far that organization's most prominent nonmember. This paper applies the gravity model to gauge whether this "outsider" status has been affecting Russia's export structure. On the basis of cross-section and panel regressions for 1995-2002,...

Persistent link: https://www.econbiz.de/10005599345

Habit Formation and Persistence in Individual Asset Portfolio Holdings; The Case of Italy

Muñoz, Sònia - International Monetary Fund (IMF) - 2006

This paper uses six waves of the Bank of Italy Survey of Households Income and Wealth to explore the dynamics of asset portfolio ownership. The household asset portfolio decision is a choice among discrete alternatives, and I model the problem in a multinomial framework. I focus on a...

Persistent link: https://www.econbiz.de/10005605275

Canada; Selected Issues

International Monetary Fund (IMF); International … - 2009

This Selected Issues paper on Canada examines economic development and policies. Capital ratios before the crisis have been a key determinant of bank performance during the turmoil; and Canadian banks had ample capital. Specifically, most banks with critically low capital at end-2006 later...

Persistent link: https://www.econbiz.de/10011244253

Norway; 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Norway

International Monetary Fund (IMF); International … - 2012

macroprudential standards for mortgage lending while undertaking tax reforms to gradually reduce incentives for excessive leverage …

Persistent link: https://www.econbiz.de/10011244493