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The impact of securitisation and structural changes of the Australian mortgage markets on bank pricing behaviour

Liu, Benjamin; Skully, Michael - In: International Journal of Banking, Accounting and Finance 1 (2008) 2, pp. 149-167

pricing behaviour. Since the mid-1990s, securitisation has dramatically increased and, thus, intensified competition between …This paper investigates the impact of securitisation and structural changes of the Australian mortgage market on bank … banks and mortgage corporations (new entrants). To respond to the competition, banks largely reduced their mortgage interest …

Persistent link: https://www.econbiz.de/10005753571

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

House Price Developments in Europe; A Comparison

Hilbers, Paul Louis Ceriel; Banerji, Angana; Shi, Haiyan; … - International Monetary Fund (IMF) - 2008

House prices in Europe have shown diverging trends, and this paper seeks to explain these differences by analyzing three groups of countries: the "fast lane", the average performers, and the slow movers. Price movements in the first two groups are found to be driven mostly by income and trends...

Persistent link: https://www.econbiz.de/10005826322

Mexico; Financial Sector Assessment Program Update-Technical Note-Housing Finance

International Monetary Fund (IMF); International … - 2007

This paper presents a technical note on Mexicoâ€™s Financial Sector Assessment Program update. The Sociedad Hipotecaria Federal has successfully led a range of direct policy measures that have stimulated the development of the housing finance market. The government improved the legal...

Persistent link: https://www.econbiz.de/10011243628

Sweden; Financial Sector Assessment Program Update: Technical Note on Household Indebtedness: Implications for Financial Stability

International Monetary Fund (IMF); International … - 2011

As in other advanced economies, there has been a significant run-up of household debt in Sweden during the last two decades accompanied by rising housing prices, prompting concerns about sustainability and the implications for financial stability. The rise in household debt and the banking...

Persistent link: https://www.econbiz.de/10011244923

Home Sweet Home; Government's Role in Reaching the American Dream

Tsounta, Evridiki - International Monetary Fund (IMF) - 2011

This paper investigates the role of government intervention in achieving the American dream of homeownership. The study analyzes the role of tax deductions in housing finance, including their impact on homeownership and housing consumption. The role of the Government Sponsored Enterprises in...

Persistent link: https://www.econbiz.de/10009293771

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

Canadian Residential Mortgage Markets; Boring But Effective?

Kiff, John - International Monetary Fund (IMF) - 2009

Klyuev (2008) concluded that the Canadian market for housing finance is highly advanced and sophisticated, but financing options were somewhat limited, particularly at terms longer than five years. This paper argues that the paucity of longer-term loans is caused by a five-year maturity cap on...

Persistent link: https://www.econbiz.de/10008528667

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

United Kingdom; Selected Issues

International Monetary Fund (IMF); International … - 2003

This Selected Issues paper examines the factors determining housing prices in the United Kingdom. Based on econometric evidence, the paper assesses whether recent housing price increases can be explained by fundamentals or whether they represent a temporary overshooting of housing prices,...

Persistent link: https://www.econbiz.de/10005252805

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