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determinants of access to mortgage finance. It also examines whether mortgage holders were more likely to suffer financial distress … compared with non-mortgage holders in the period before the global financial crisis. The analysis does not find any systematic … evidence that mortgage holders are financially more vulnerable than renters or outright owners; in fact, the incidence of …
Persistent link: https://www.econbiz.de/10012976694
This paper presents new data on the depth and penetration of mortgage markets across countries. There is a large … variation across both dimensions of mortgage market development, across countries, but also -- in terms of depth -- within … countries. Mortgage markets seem to develop only at relatively high levels of gross domestic product per capita. Policies …
Persistent link: https://www.econbiz.de/10012973567
Using a partially constructed panel database of 48 Sub-Saharan African countries from 2000 to 2013, this paper analyzes the structure of housing finance in Africa, its determinants, and its impact on inclusive growth. The findings show that market capitalization and urbanization are key positive...
Persistent link: https://www.econbiz.de/10012967128
This paper examines the state of reverse mortgage markets in selected countries around the world and considers the …
Persistent link: https://www.econbiz.de/10012842637
approach to prevent the overheating of mortgage lending and to minimize the risk of loan default. The Korean financial … supervisory authority made adjustments in response to both the condition of the housing market and trends in mortgage loans. The … debt-to-income ratios and other restrictions on mortgage lending can be employed as an important part of a countercyclical …
Persistent link: https://www.econbiz.de/10012976247
Although market concentration is one of the main impediments to productivity growth globally, data constraints have limited its analysis to developed countries or cross-country studies based on definitions of market concentration across nations and industries. This paper takes advantage of a...
Persistent link: https://www.econbiz.de/10012837436
A rigorous understanding of the developmental effect of fiscal transfers to subnational governments remains an important policy research issue globally. This paper exploits a novel dataset of 20 years of municipal poverty maps and local public finances to study the effects on local welfare of a...
Persistent link: https://www.econbiz.de/10012837441
effect of the NAFTA and the GATT on the SDS industry was to help induce Wal-Mart to enter Mexico. Once there, Walmex … and processes from their headquarters to Mexico. Finally, although Mexican detergent exports captured an increasing share …
Persistent link: https://www.econbiz.de/10012779238
The authors follow the Hellerstein, Neumark, and Troske (1999) framework to estimate marginal productivity differentials and compare them with estimated relative wages. The analysis provides evidence on productivity and nonproductivity-based determinations of wages. Special emphasis is given to...
Persistent link: https://www.econbiz.de/10012783430
The seven largest emerging market economies -- China, India, Brazil, Russia, Mexico, Indonesia, and Turkey …
Persistent link: https://www.econbiz.de/10012954309