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The London Commercial Property Price Index

Chegut, Andrea; Eichholtz, Piet; Rodrigues, Paulo - In: The Journal of Real Estate Finance and Economics 47 (2013) 4, pp. 588-616

, no transaction-based index exists for the London office market. The aim of this study is to fill that gap. Using a … repeat-sales estimation strategies and noise filters to produce a quarterly index series from the first quarter of 1997 to … the fourth quarter of 2011. In addition, the index series is measured against IPD’s London capital valuation series and …

Persistent link: https://www.econbiz.de/10010867006

How to Deal with Real Estate Booms; Lessons From Country Experiences

Rabanal, Pau; Crowe, Christopher W.; Dell'Ariccia, Giovanni - International Monetary Fund (IMF) - 2011

The financial crisis showed, once again, that neglecting real estate booms can have disastrous consequences. In this paper, we spell out the circumstances under which a more active policy agenda on this front would be justified. Then, we offer tentative insights on the pros and cons as well as...

Persistent link: https://www.econbiz.de/10009019603

The Housing Cycle in Emerging Middle Eastern Economies and its Macroeconomic Policy Implications

Beidas-Strom, Samya; Lian, Weicheng; Maseeh, Ashwaq - International Monetary Fund (IMF) - 2009

This paper examines housing finance and housing price dynamics in selected emerging Middle Eastern economies over the past two decades. It finds that (i) mortgage markets have experienced rapid development, which has led to lower private per capita consumer spending volatility this decade; (ii) a...

Persistent link: https://www.econbiz.de/10008561070

Exposure to Real Estate Losses; Evidence from the US Banks

Pinheiro, Marcelo; Igan, Deniz - International Monetary Fund (IMF) - 2009

We implement a three-step procedure to assess the extent of exposure to real estate in commercial banks. First, we demonstrate interest rates and income to be the major determinants of delinquency. Then, we adopt a stress testing approach to calculate the impact of any adverse changes in these...

Persistent link: https://www.econbiz.de/10008541450

Financial Soundness Indicators; Analytical Aspects and Country Practices

International Monetary Fund (IMF); International … - 2002

The financial turmoil of the late 1990s prompted a broad search for tools and techniques for detecting and preventing financial crises, and more recent episodes of instability have high lighted the importance of continuous monitoring of financial systems as a tool for preventing crises. This...

Persistent link: https://www.econbiz.de/10005590915

Real Estate Market Developments and Financal Sector Soundness

Hilbers, Paul Louis Ceriel; Zacho, Lisbeth; Lei, Qin - International Monetary Fund (IMF) - 2001

This paper analyses the characteristics and functioning of real estate markets. It focuses on the relationship between developments in these markets and the financial sector to determine under what circumstances real estate booms and busts can develop and how they can affect the health and...

Persistent link: https://www.econbiz.de/10005248144