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An Investigation of Some Macro-Financial Linkages of Securitization
Long, Xin; Goswami, Mangal; Jobst, Andreas - International Monetary Fund (IMF) - 2009
Policy-makers have attributed the scale of the credit crisis and its profound impact on money markets (as well as financial sector stability) to the fast rise of securitization and the way it has arguably complicated both the conduct of monetary policy and the effect of interest rate...
Persistent link: https://www.econbiz.de/10005263753
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The Role of Affordable Mortgages in Improving Living Standards and Stimulating Growth; A Survey of Selected Mena Countries
Nothaft, Frank E.; Erbas, S. Nuri - International Monetary Fund (IMF) - 2002
This paper argues that making affordable home mortgage loans available to a large cross section of the population will serve both the redistributive and growth-enhancing objectives of poverty reduction policies. The current state of housing and mortgage markets in selected Middle East and North...
Persistent link: https://www.econbiz.de/10005825998
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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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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
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Risiken für die Emerging Markets in Mittel- und Osteuropa vor dem Hintergrund der Erfahrungen Thailands, Mexikos und Tschechiens ; Beitrag für den Projektbericht: Währungspolitisch...
Sell, Friedrich L. - Fakultät für Wirtschafts- und … - 1999
von Sachs/Tornell/Velasco (1996) gewählt, der durch Einbeziehung von Kreditrationierung und Haftungsbeschränkung erweitert …
Persistent link: https://www.econbiz.de/10008462113
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Empirical measurement of credit rationing in agriculture: a methodological survey
Petrick, Martin - Leibniz-Institut für Agrarentwicklung in … - 2003
verschiedene in der Literatur angewandte Methoden zur Messung von Kreditrationierung zu geben. Auf der Grundlage eines gemeinsamen … erste Vorgehensweise versteht unter Kreditrationierung die Unmöglichkeit, einen Kredit zu erhalten aufgrund von prohibitiv …. Alle anderen Vorgehensweisen definieren Kreditrationierung zumindest implizit als andauernde Überschussnachfrage, folglich …
Persistent link: https://www.econbiz.de/10008526801
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Credit Market in Morocco; A Disequilibrium Approach
Oulidi, Nada; Allain, Laurence - International Monetary Fund (IMF) - 2009
In this paper we use a disequilibrium framework common in the “credit crunch†literature, first to examine whether the slow credit growth in Morocco during the rapid expansion of liquidity in the first half of the decade can be attributed to credit rationing, and second to investigate...
Persistent link: https://www.econbiz.de/10005826496
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What Have They Been Thinking? Homebuyer Behavior in Hot and Cold Markets
Case, Karl E.; Shiller, Robert J.; Thompson, Anne K. - In: Brookings Papers on Economic Activity 45 (2012) 2 (Fall), pp. 265-315
Persistent link: https://www.econbiz.de/10010900587
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Brewing bubbles: how mortgage practices intensify housing booms
Nakamura, Leonard I. - In: Business Review (2014) 1, pp. 16-24
Even before the Great Recession, housing market bubbles have been associated with severe financial crises around the …
Persistent link: https://www.econbiz.de/10010747502
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Zwischen Wohnungsnot und Leerstand – Wohnungsmarktinterventionen als Aufgabe für die Politik?
Rips, Franz-Georg - In: Zeitschrift fuer Wirtschaftspolitik 63 (2014) 1, pp. 54-62
This text deals with the topic of housing shortage vs. residential vacancy – housing market intervention as a task of politics? At the beginning there will be some basic assertions on the relation of market vs. state, especially bearing in mind, the overall importance and social responsibility...
Persistent link: https://www.econbiz.de/10010892209