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Global Housing Cycles
Igan, Deniz; Loungani, Prakash - International Monetary Fund (IMF) - 2012
Housing cycles and their impact on the financial system and the macroeconomy have become the center of attention following the global financial crisis. This paper documents the characteristics of housing cycles in a large set of countries, and examines the determinants of house price movements....
Persistent link: https://www.econbiz.de/10010790415
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Can Covered Bonds Resuscitate Residential Mortgage Finance in the United States?
Surti, Jay - International Monetary Fund (IMF) - 2010
This paper considers the case for mortgage covered bonds as an alternative to the originate-to-distribute mortgage funding model. It argues that the economic incentives provided to market participants under the covered bonds model are less susceptible to moral hazard even while retaining the key...
Persistent link: https://www.econbiz.de/10008777017
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Denmark; Financial Sector Assessment Program: Technical Note: The Danish Mortgage Market: A Comparative Analysis
International Monetary Fund (IMF); International … - 2007
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
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Latin America; Vulnerabilities Under Construction?
Cubeddu, Luis M.; Mora, Camilo Ernesto Tovar; Tsounta, … - International Monetary Fund (IMF) - 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/10011242412
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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
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State Foreclosure Laws and Mortgage Origination in the Subprime
Curtis, Quinn - In: The Journal of Real Estate Finance and Economics 49 (2014) 3, pp. 303-328
Foreclosure procedures in some states are considerably swifter and less costly for lenders than in others. In light of … the foreclosure crisis, an empirical understanding of the effect of foreclosure procedures on the mortgage market is … critical. This study finds that lender-favorable foreclosure procedures are associated with more lending activity in the …
Persistent link: https://www.econbiz.de/10010959328
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The Local Wreckage of Global Capital: The Subprime Crisis, Federal Policy and High‐Foreclosure Neighborhoods in the US
IMMERGLUCK, DAN - In: International Journal of Urban and Regional Research 35 (2011) 1, pp. 130-146
Persistent link: https://www.econbiz.de/10008773916
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Austria: Publication of Financial Sector Assessment Program Documentation—Detailed Assessment of Basel Core Principles for Effective Banking Supervision
International Monetary Fund (IMF); International … - 2014
This paper discusses key findings of the Detailed Assessment of Basel Core Principles for Effective Banking Supervision on Austria. Since the outbreak of the financial crisis, some Austrian credit institutions had to be nationalized as an ad hoc measure to prevent contagion effects and to...
Persistent link: https://www.econbiz.de/10011244459
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Tunisia; Financial System Stability Assessment Update
International Monetary Fund (IMF); International … - 2006
From the 2002 Financial Sector Assessment Program (FSAP), a number of structural reforms have been carried out in the financial system. A number of measures have been taken in the regulatory, fiscal, and legal areas to improve credit quality and financial transparency. The stress test confirms...
Persistent link: https://www.econbiz.de/10011244664
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Jamaica; Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Basel Core Principles for Effective Banking Supe...
International Monetary Fund (IMF); International … - 2006
This paper discusses key findings of the Financial System Stability Assessment on the Basel Core Principles for Effective Banking Supervision, the Committee for Payment and Settlement Systems (CPSS) Core Principles for Systemically Important Payment Systems, and IMF Monetary and Financial Policy...
Persistent link: https://www.econbiz.de/10011244726