This paper examines housing finance and housing price dynamics in selected emerging Middle Eastern economies over the … capita consumer spending volatility this decade; (ii) a downward price correction occurred in the housing market after 2007 … price dynamics exists in this region, rendering the former more sensitive to the business cycle. …

modification scheme should address both issues. Given the key role foreclosures play in the adverse housing market dynamics, and … that the key problem is a combination of negative housing equity and unaffordable debt service, and a successful loan …

, the limits alter expectations, which play a key role in bubble dynamics. …

serve both the redistributive and growth-enhancing objectives of poverty reduction policies. The current state of housing … growth of alleviating housing shortages by improving access to mortgage financing. …

Housing cycles and their impact on the financial system and the macroeconomy have become the center of attention … following the global financial crisis. This paper documents the characteristics of housing cycles in a large set of countries …, and examines the determinants of house price movements. Empirical analysis shows that house price dynamics are mostly …

the housing boom. We find that the the last three rounds of macroprudential policies implemented since 2010 were … could be effective if the housing boom were to reignite. Over the medium term, the authorities could consider structural … measures to further improve the soundness of housing finance. …

household and bank balance sheets and their vulnerability to a slowdown in housing prices, and identifies differences in real … contributed to housing price developments in Belgium. It identifies potential policies that are available to avert a buildup of …

We examine the interest rate elasticity of housing prices, advancingthe empirical literature in two directions. First …, we take a commonly used cross-country panel dataset and evaluate the housing price equation using a consistent estimator … analysis of determinants of residential housing prices in a cross-section of countries. Our results show that the short …