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Enhancing the financing of the real economy and financial stability in the United Kingdom

Havrylchyk, Olena; Kierzenkowski, Rafał - 2015

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

Chapter 44 Economic analysis of housing markets in developing and transition economies

Malpezzi, Stephen - In: Handbook of regional and urban economics : volume 3, …, (pp. 1791-1864). 1999

The purpose of this chapter is to survey recent research on housing markets and policy in what used to be called the “second” and “third” worlds. We adopt the labels “transition” economies to refer to countries as disparate as Russia and Vietnam, and “developing” to refer to...

Persistent link: https://www.econbiz.de/10014023955

Deconstructing Canada's housing markets : finance, affordability urban sprawl

Cheung, Calista - 2014

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

The drivers of Norway's house prices

Sila, Urban - 2020

In this paper, we explore the drivers of house prices in Norway, using a cross-country panel framework. Empirical results confirm that house prices are determined by numerous demand and supply factors, including income, demographics, macroeconomic conditions, stock of housing and institutional...

Persistent link: https://www.econbiz.de/10012203289

Real House Prices in OECD Countries : The Role of Demand Shocks and Structural and Policy Factors

Andrews, Dan - 2010

of mortgage market deregulation has coincided with a noticeable increase in real house prices in OECD countries, while … high rates of leverage are found to amplify house price volatility. Estimates suggest that tax reliefs on mortgage debt …

Persistent link: https://www.econbiz.de/10012445203

Maintaining an efficient and equitable housing market in Belgium

Zwart, Sanne - 2015

Housing conditions in Belgium are among the best in OECD countries according to the Better Life Index, as dwellings are of high quality and large, and housing costs are average. However, the steep increase in house prices since 2003 has put market access for first-time buyers under pressure....

Persistent link: https://www.econbiz.de/10011399317

The causal effect of house prices on mortgage demand and mortgage supply

Basten, Christoph; Koch, Cathérine - 2014

We identify the causal effect of house prices on mortgage demand and supply in Switzerland by exploiting exogenous … shocks to immigration and thereby to house prices. Detailed micro data allow us to observe multiple offers for each mortgage … request. We find a 1% increase in house prices to raise the requested mortgage amount by 0.52%. Due to positive feedback …

Persistent link: https://www.econbiz.de/10010358710

Chapter 12. Housing, Finance, and the Macroeconomy

Davis, Morris A.; Van Nieuwerburgh, Stijn - In: Handbook of regional and urban economics : volume 5, (pp. 753-811). 2015

In this chapter, we review and discuss the large body of research that has developed over the past 10-plus years that explores the interconnection of macroeconomics, finance, and housing. We focus on three major topics—housing and the business cycle, housing and portfolio choice, and housing...

Persistent link: https://www.econbiz.de/10014025303

Minimum Lot Size Restrictions : Impacts on Urban Form and House Price at the Border

Gyourko, Joseph E.; McCulloch, Sean - National Bureau of Economic Research - 2023

We estimate the impact of more stringent minimum lot size restrictions across small border areas of neighboring communities using data from the Wharton Residential Land Use Regulatory Index (WRLURI) surveys. Economically meaningful effects are found on the built environment, not just house...

Persistent link: https://www.econbiz.de/10014372467

The anatomy of the transmission of macroprudential policies

Acharya, Viral V.; Bergant, Katharina; Crosignani, Matteo; … - In: The journal of finance : the journal of the American … 77 (2022) 5, pp. 2533-2575

Persistent link: https://www.econbiz.de/10013396259