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Norway’s near-term macroeconomic priority is to reduce risks arising from high-household debt by tightening macroprudential standards for mortgage lending while undertaking tax reforms to gradually reduce incentives for excessive leverage. Creating a stronger institutional framework for...
Persistent link: https://www.econbiz.de/10011244493
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10011244786
As in other advanced economies, there has been a significant run-up of household debt in Sweden during the last two decades accompanied by rising housing prices, prompting concerns about sustainability and the implications for financial stability. The rise in household debt and the banking...
Persistent link: https://www.econbiz.de/10011244923
This technical note presents a comparative analysis of the Danish Mortgage Market. It discusses the particularities of the regulatory framework of the Danish mortgage system. The note compares and contrasts mortgage financing in Denmark and in other European countries, looking both at the...
Persistent link: https://www.econbiz.de/10011245042
This Technical Note discusses key findings of the insolvency and creditor rights assessment for Lithuania. Lithuania has made significant progress in the field of creditor rights legislation and related institutions. Under the current legal framework, the creation and registration of secured...
Persistent link: https://www.econbiz.de/10011245697
Home foreclosure rates have risen in the United States to the highest levels since the Great Depression. With house … projected to go even higher. While most of the time a foreclosure is a suboptimal resolution of a distressed mortgage, a number …
Persistent link: https://www.econbiz.de/10011245863
Remarks at the New Jersey Bankers Association Economic Forum, Iselin, New Jersey.
Persistent link: https://www.econbiz.de/10009416025
Persistent link: https://www.econbiz.de/10010724227
A linear fixed effects statistical model is used to study variations in foreclosure rates across metropolitan … do a remarkable job of capturing variation in foreclosure rates. We study the regional variation in foreclosure rates in …. Finally, the model is used to provide forecasts of foreclosure rates conditioned on possible paths of labor market conditions …
Persistent link: https://www.econbiz.de/10010724752
Remarks at the Quarterly Regional Economic Press Briefing, New York City.
Persistent link: https://www.econbiz.de/10010724937