discovery of oil in 2015. In line with the growing demand for housing, commercial banks' housing loans have increased, prompting … higher household debt. This paper presents two analyses which suggest that housing prices in Georgetown and banks' lending to … the housing sector appear to be in their early stages of growth. However, given the data limitations and caveats that …

Housing market imbalances are a key source of systemic risk and can adversely affect housing affordability. This paper …, financial stability, and housing affordability. Not surprisingly, when faced with multiple objectives, deploying more policy …

, address housing supply shortages and manage secular changes affecting property markets …

of bubbles forming there. However, China's unique housing market characteristics make it difficult to assess the …

extend the original model by explicitly modeling the housing market. We show how household demand for housing, house prices … naturally leads to housing boom and bust cycles, which can be very costly for the economy, as shown by the Global Financial …

domestic housing markets to the rest of the world …

This paper separates the roles of demand for housing services and belief about future house prices in a house price … cycle, by utilizing a feature of user-cost-of-housing that it is sensitive to demand for housing services only. Optimality … conditions of producing housing services determine user-cost-of-housing and the elasticity of substitution between land and …

This paper studies the impact of housing market cycles on loss given default (LGD). Previous studies have shown that …

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 …