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moderating mortgage loan creation, and its effectiveness needs to be estimated empirically. This paper is unique in that it … analyzes the effect of LTV on mortgage lending, the direct channel of influence, using a large sample of banks in 10 Asian … show that economies with LTV polices have expanded residential mortgage loans by 6.7% per year, while non-LTV economies …
Persistent link: https://www.econbiz.de/10010526757
Housing policies in Japan after World War II were focused on the quantitative supply of houses with a wide range of targeted groups and public rental houses. The Japan Housing Corporation (now the Urban Renaissance Agency) and the Government Housing Loan Corporation (now the Japan Housing...
Persistent link: https://www.econbiz.de/10011441128
We estimated the effect of the share of mortgage lending by individual banks (together with some control variables) on … emerging Asian economies for 2007–2013 from the Bankscope database. We find some evidence that an increased share of mortgage … reducing the nonperforming loan ratio, at least in noncrisis periods, for levels of mortgage shares up to 30%–40%. For higher …
Persistent link: https://www.econbiz.de/10011350157
European Union (EU) countries offer a unique experience of financial regulatory and supervisory integration, complementing various other European integration efforts following the Second World War. Financial regulatory and supervisory integration was a very slow process before 2008, despite...
Persistent link: https://www.econbiz.de/10011561790
This study provides comparative perspectives on the current and prospective situation of financial market development in ASEAN, the PRC, and India, identifies key priorities for strengthening financial infrastructure to promote financial development and regional integration, and produces policy...
Persistent link: https://www.econbiz.de/10009490694
The paper discusses state, regulative framework, and recent developments in leveraging access to finance for micro, small, and medium-sized enterprises (MSMEs) in the Kyrgyz Republic through global value chain (GVC) examples in the Kyrgyz Republic. Access to finance in the Kyrgyz Republic is...
Persistent link: https://www.econbiz.de/10012024505
This study takes stock of the challenges faced by small and medium-sized enterprises (SMEs) in the CAREC landlocked economies in terms of their access to finance resulting from demand-side, supply-side and institutional constraints. This includes identifying cultural, procedural, institutional...
Persistent link: https://www.econbiz.de/10012059435
Uzbekistan set an ambitious goal to achieve the status of an upper-middle-income country by 2030, with the focus on growing a large and solid middle-class social stratum. The current reforms in Uzbekistan largely target the development of small businesses and private entrepreneurship (SME) as...
Persistent link: https://www.econbiz.de/10012063846
This paper discusses recent developments in financial inclusion and financial literacy in Kyrgyz Republic. While financial inclusion is considered one of the key drivers of today's development, it is quite new to Kyrgyz Republic. The first attempts to introduce the notion of financial inclusion...
Persistent link: https://www.econbiz.de/10011868859
This paper examines the current situation concerning financial inclusion and financial literacy in Kazakhstan and future prospects. Since 2000, the financial sector has been developing rapidly, driven by petrodollars, which has led to higher financial inclusion. However, the improvement in...
Persistent link: https://www.econbiz.de/10011913465