financial sector stability) to the fast rise of securitization and the way it has arguably complicated both the conduct of … innovation, specifically through securitization, has altered the nature of some macro-financial linkages, often with considerable … policy implications. We find that securitization activity in the United States (mature market) and South Africa (emerging …

This paper argues that making affordable home mortgage loans available to a large cross section of the population will … and mortgage markets in selected Middle East and North Africa (MENA) countries (Algeria, Egypt, Jordan, Morocco, and … growth of alleviating housing shortages by improving access to mortgage financing. …

After a number of warning signs, the U.S. "subprime mortgage crisis" became a headline issue in February 2007 …. Notwithstanding the bankruptcy of numerous mortgage companies, historically high delinquencies and foreclosures, and a significant …

mortgage interest rate leads to a 20 percent decrease in a typical bank's distance to default. Finally, we look at the cross …

This paper documents developments in mortgage credit and the housing sector in Latin America over the past decade, and … compares them with those of other emerging economies. In particular, it examines the real estate and mortgage markets to assess … whether (i) growth in mortgage credit is excessive compared to long-term trends; (ii) trends in house prices reflect changes …

Treasury inflation protected securities (TIPS), budget institutions for federal fiscal consolidation, and mortgage …

past two decades. It finds that (i) mortgage markets have experienced rapid development, which has led to lower private per …