Showing 1 - 10 of 312
Are assets in a landlocked country subject to sea-level rise risk? In this paper, we study the cross-border spillovers … data between 1970 and 2018, we observe that globalization increased the similarity of countries' global climate risk …
Persistent link: https://www.econbiz.de/10012487302
The increased likelihood of adverse climate-change-related shocks calls for building resilient infrastructure in the … Maldives. Fulfilling these infrastructure needs requires a comprehensive analysis of investment plans, including with respect … significant dividend associated with building resilient infrastructure. Under worsened climate conditions, the cumulative output …
Persistent link: https://www.econbiz.de/10012604776
Soaring real estate prices and valuations despite the economic downturn brought by the pandemic have focussed the attention of Dutch policymakers on potential macro-financial and socio-economic implications. In this context, our paper reviews the salient features of Dutch commercial and...
Persistent link: https://www.econbiz.de/10012605499
This paper builds a framework to quantify the financial stability implications of climate-related transition risk in … retail trade, and transportation sectors appear to be the most important in the transmission of the risk to the banking …
Persistent link: https://www.econbiz.de/10012796249
Has monetary policy in advanced economies been less effective since the global financial crisis because of deteriorating household balance sheets? This paper examines the question using household data from the United States. It compares the responsiveness of household consumption to monetary...
Persistent link: https://www.econbiz.de/10012001512
Hedonic regressions are used for property price index measurement to control for changes in the quality-mix of properties transacted. The paper consolidates the hedonic time dummy approach, characteristics approach, and imputation approaches. A practical hedonic methodology is proposed that (i)...
Persistent link: https://www.econbiz.de/10011715547
In this paper we provide tools for assessing the house prices and housing valuation. We develop two approaches: (i) borrowing capacity approach, and (ii) intrinsic value approach. The borrowing capacity of households, together with their down payment, implies how much housing they can attain. In...
Persistent link: https://www.econbiz.de/10012009597
the changing level of risk and vulnerabilities faced by developing countries as they allocate investment toward growth …
Persistent link: https://www.econbiz.de/10011715124
This paper predicts downside risks to future real house price growth (house-prices-at-risk or HaR) in 32 advanced and … overvaluation, excessive credit growth, and tighter financial conditions jointly forecast higher house-prices-at-risk up to three … years ahead. House-prices-at-risk help predict future growth at-risk and financial crises. We also investigate and propose …
Persistent link: https://www.econbiz.de/10012252738
Real estate investment accounts for a quarter of total fixed asset investment (FAI) in China. The real estate sector’s extensive industrial and financial linkages make it a special type of economic activity, especially where the credit creation process relies primarily on collateral, like in...
Persistent link: https://www.econbiz.de/10014395603