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government backing of the mortgage market. Nonetheless, the dominance of the crown corporation CMHC in the mortgage insurance … market concentrates a significant amount of risk in public finances. Improving competitive conditions in the mortgage …
Persistent link: https://www.econbiz.de/10010464985
socio-economic groups? What is the impact of mortgage debt on access to homeownership and wealth accumulation, and on debt … residential mobility? iv) Is there a link between homeownership and wealth inequality? Between inequality in housing wealth and in …This paper produces new evidence and stylised facts on housing, wealth accumulation and wealth distribution, relying on …
Persistent link: https://www.econbiz.de/10012202943
Norway are principally driven by market fundamentals – high household incomes, wealth, low interest rates and a growing …
Persistent link: https://www.econbiz.de/10012203289
homeownership would free up public resources and reduce the bias towards homeownership. Other challenges to the efficiency of the …
Persistent link: https://www.econbiz.de/10011399317
Extensive structural reforms since the early 1990s have strengthened the resilience of the Swedish economy to shocks. However, more needs to be done to better manage near-term risks and ensure that growth remains sustainable in the longer run. Reforming the housing market would reduce the risks...
Persistent link: https://www.econbiz.de/10009711216
The Danish financial sector is big and there is a high degree of inter-connectedness between banks, mortgage …
Persistent link: https://www.econbiz.de/10011577975
The Finnish housing market is volatile. After declining significantly as the global financial crisis unfolded, housing prices and investment recovered to reach new peaks. This paper uses a small econometric model to assess the role of fundamentals in housing price and investment developments....
Persistent link: https://www.econbiz.de/10009690120
In the run-up to the financial crisis, indebtedness of households and non-financial businesses rose to historically high levels in many OECD countries; gross debt of financial companies rose dramatically relative to GDP. Much of the debt accumulation appears to have been based on excessive...
Persistent link: https://www.econbiz.de/10010231133
% for home-owning households and 40% for mortgage holders. Even though defaults have so far been limited, mortgage … the loanto- value ratio reduced significantly below 100% and housing subsidies to homeownership cut more decisively. This …
Persistent link: https://www.econbiz.de/10010464961
The banking sector in the United Kingdom (UK) was deeply affected by the crisis. Bank credit has collapsed reflecting both weak demand and tighter supply. New prudential requirements have improved the resilience of the banking sector and a number of measures were taken to support credit supply....
Persistent link: https://www.econbiz.de/10011399564