The transformation of the planned economies of central and eastern Europe to market economies has focused on economic stabilization and liberalization, privatization, and financial sector development. The housing sector and the mortgage market have been factors in each of these processes but not...

The objective of this paper is to explore the interactions between financial and urban policies, and their joint impact on the performance of the housing sector during the course of economic development. The central hypothesis is that extended periods of financial repression and the scarcity of...

Problems of developing financial services for housing are acute in transitional socialist economies. The authors examine contractual savings for housing (CSH), which are often advocated as a primary solution, especially in Central and Eastern European countries. A CSH instrument links a phase of...

[fre] L'émergence très rapide d'un système financier global à la fin des années quatre-vingt a été lié à la libéralisation et à la déréglementation financière. Elle a été marquée dans le secteur immobilier de beaucoup de pays de l'OCDE, ainsi que dans certain pays nouvellement...