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The Role of Affordable Mortgages in Improving Living Standards and Stimulating Growth; A Survey of Selected Mena Countries
Nothaft, Frank E.; Erbas, S. Nuri - International Monetary Fund (IMF) - 2002
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. …
Persistent link: https://www.econbiz.de/10005825998
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How to Deal with Real Estate Booms; Lessons From Country Experiences
Rabanal, Pau; Crowe, Christopher W.; Dell'Ariccia, Giovanni - International Monetary Fund (IMF) - 2011
The financial crisis showed, once again, that neglecting real estate booms can have disastrous consequences. In this paper, we spell out the circumstances under which a more active policy agenda on this front would be justified. Then, we offer tentative insights on the pros and cons as well as...
Persistent link: https://www.econbiz.de/10009019603
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The Housing Cycle in Emerging Middle Eastern Economies and its Macroeconomic Policy Implications
Beidas-Strom, Samya; Lian, Weicheng; Maseeh, Ashwaq - International Monetary Fund (IMF) - 2009
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 …
Persistent link: https://www.econbiz.de/10008561070
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Exposure to Real Estate Losses; Evidence from the US Banks
Pinheiro, Marcelo; Igan, Deniz - International Monetary Fund (IMF) - 2009
We implement a three-step procedure to assess the extent of exposure to real estate in commercial banks. First, we demonstrate interest rates and income to be the major determinants of delinquency. Then, we adopt a stress testing approach to calculate the impact of any adverse changes in these...
Persistent link: https://www.econbiz.de/10008541450
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Spain; Selected Issues
International Monetary Fund (IMF); International … - 2009
Spain’s housing boom was supported by rapid economic expansion, strong employment growth, an immigration boom, and … 2010, employment and value added in construction are projected to halve as peak housing starts are completed. The …, housing market cyclicality could be reduced by fading out generous home ownership incentives. …
Persistent link: https://www.econbiz.de/10011243185
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Local Housing Market Cycle and Loss Given Default; Evidence From Sub-Prime Residential Mortgages
Zhang, Yanan; Ji, Lu; Liu, Fei - International Monetary Fund (IMF) - 2010
This paper studies the impact of housing market cycles on loss given default (LGD). Previous studies have shown that …
Persistent link: https://www.econbiz.de/10008560443
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Bhutan; Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2010
Bhutan has evolved from a closed economy to a trading nation that exhibits a high degree of dependence on trade. Exports have grown rapidly but overall the country’s trade deficit continues to widen owing to an even faster growth in the value of imports. The manufacturing and industry...
Persistent link: https://www.econbiz.de/10011243582
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Bangladesh; Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2012
Poverty Reduction Strategy Papers are prepared by member countries in broad consultation with stakeholders and development partners, including the staffs of the World Bank and the IMF. Updated with annual progress reports, they describe the countries macroeconomic, structural, and social...
Persistent link: https://www.econbiz.de/10011243643
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Ghana; Poverty Reduction Strategy Paper-Volume II
International Monetary Fund (IMF); International … - 2012
This volume discusses the Poverty Reduction Strategy (GPRS I) and the Growth and Poverty Reduction Strategy (GPRS II) that addressed the critical poverty issues in Ghana. GPRS I is a comprehensive policy document prepared as a precondition for Ghana under the Highly Indebted Poor Country (HIPC)...
Persistent link: https://www.econbiz.de/10011243866
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Rwanda; Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2008
Rwanda’s Economic Development and Poverty Reduction Strategy provides a medium-term framework for achieving the country’s long-term development goals and aspirations as embodied in Rwanda Vision 2020, the seven-year Government of Rwanda programme, and the Millennium Development...
Persistent link: https://www.econbiz.de/10011244912