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We are all in the same boat : cross-border spillovers of climate risk through international trade and supply chain
Feng, Alan; Li, Haishi - 2021
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
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Enhancing resilience to climate change in the Maldives
Melina, Giovanni; Santoro, Marika - 2021
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
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Latin America : vulnerabilities under construction?
Cubeddu, Luis; Tovar, Camilo Ernesto; Tsounta, Evridiki - 2012
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...
Persistent link: https://www.econbiz.de/10009620961
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Commercial real estate and macrofinancial stability during COVID-19
Deghi, Andrea; Mok, Junghwan; Tsuruga, Tomohiro - 2021
The COVID-19 pandemic crisis has severely shocked the commercial real estate (CRE) sector, which could have important implications for macro-financial stability going forward because of the large size of the sector and its strong interconnectedness with the real economy. Using a novel...
Persistent link: https://www.econbiz.de/10012796227
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Do lenders make less-informed investments in high-growth housing markets?
Chen, Sophia; Ratnovski, Lev; Sun, Yangfan - 2021
lenders' exposure to high-growth markets is associated with more risk, more efficiency, and more return on mortgage portfolios … nonlocal lenders, which may reflect a risk-return tradeoff in their portfolio strategy …
Persistent link: https://www.econbiz.de/10012612342
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Real estate in the Netherlands : a taxonomy of risks and policy challenges
Geis, André; Luca, Oana - 2021
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
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Incomplete financial markets and the booming housing sector in China
Bayoumi, Tamim A.; Zhao, Yunhui - 2020
Housing is by far the most important asset in Chinese households' balance sheets. However, despite forceful and frequent government interventions, the rise in Chinese housing prices has not been contained as much as intended, a trend that has not been reversed by the COVID-19 shock. In this...
Persistent link: https://www.econbiz.de/10012485938
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Demographics and the housing market : Japan's disappearing cities
Hashimoto, Yūko; Hong, Gee Hee; Zhang, Xiaoxiao - 2020
How does a shrinking population affect the housing market? In this study, drawing on Japan's experience, we find that there exists an asymmetric relationship between housing prices and population change. Due to the durability of housing structures, the decline in housing prices associated with...
Persistent link: https://www.econbiz.de/10012391942
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How to better measure hedonic residential property price indexes
Silver, Mick S. - 2016
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
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Non-primary home buyers, shadow banking, and the US housing market
Alter, Adrian; Dernaoui, Zaki - 2020
This paper studies the US housing market using a proprietary and comprehensive dataset covering nearly 90 million residential transactions over 1998-2018. First, we document the evolution of different types of investment purchases such as those conducted by short-term buyers, out-of-state...
Persistent link: https://www.econbiz.de/10012301958