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Belgium; Selected Issues
International Monetary Fund (IMF); International … - 2006
This Selected Issues paper for Belgium evaluates whether price increases in Belgium are excessive. It assesses the household and bank balance sheets and their vulnerability to a slowdown in housing prices, and identifies differences in real estate markets between Belgium and other countries. The...
Persistent link: https://www.econbiz.de/10005825451
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Exposure to Real Estate Losses; Evidence from the US Banks
Pinheiro, Marcelo; Igan, Deniz - International Monetary Fund (IMF) - 2009
mortgage interest rate leads to a 20 percent decrease in a typical bank's distance to default. Finally, we look at the cross …
Persistent link: https://www.econbiz.de/10008541450
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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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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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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
past two decades. It finds that (i) mortgage markets have experienced rapid development, which has led to lower private per …
Persistent link: https://www.econbiz.de/10008561070
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Are House Prices Rising too Fast in China?
International Monetary Fund (IMF); International … - 2010
of an emerging real estate bubble. We find that, for China as a whole, the current levels of house prices do not seem …€™ mass-market and luxury segments. Unlike advanced economies before 2007-8, prices have tended to correct frequently in China ….Given persistently low real interest rates, lack of alternative investment and mortgage-to-GDP trend, rapid property price growth in …
Persistent link: https://www.econbiz.de/10008777035
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Driving Factors of the Subprime Crisis and Some Reform Proposals
Rudolph, Bernd; Scholz, Julia - In: CESifo DICE Report 6 (2008) 3, pp. 14-19
Persistent link: https://www.econbiz.de/10005056452
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Ein hedonischer Immobilienpreisindex auf Basis von Internetdaten: 2007–2011
Bauer, Thomas; Feuerschütte, Sven; Kiefer, Michael; … - In: AStA Wirtschafts- und Sozialstatistisches Archiv 7 (2013) 1, pp. 5-30
The “Great Recession” has painfully demonstrated the impact of real estate prices on real economic activity. Hence, close examination of real estate price changes is important for business cycle analysis and economic policy. However, most real estate price indices for Germany either exhibit...
Persistent link: https://www.econbiz.de/10011151255
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Spain; Selected Issues
International Monetary Fund (IMF); International … - 2011
Rebalancing in Spain’s private sector is under way, but with more modest progress on reducing stocks. Spain is subject to significant spending pressures, reflecting unfavorable demographic trends and subdued growth prospects, and will require substantial structural reform. Priority...
Persistent link: https://www.econbiz.de/10011245500
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Policies for Macrofinancial Stability; Options to Deal with Real Estate Booms
Dell'Ariccia, Giovanni; Rabanal, Pau; Crowe, Christopher W. - International Monetary Fund (IMF) - 2011
DISCLAIMER: This Staff Discussion Note represents the views of the authors and does not necessarily represent IMF views or IMF policy. The views expressed herein should be attributed to the authors and not to the IMF, its Executive Board, or its management. Staff Discussion Notes are published...
Persistent link: https://www.econbiz.de/10011245885