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In April 2011, Executive Directors held a preliminary discussion on the use of the profits of SDR 6.85 billion from the Fund's limited gold sale. They noted their expectation that at least SDR 4.4 billion of the profits would be placed in an endowment within the Investment Account, and affirmed...
Persistent link: https://www.econbiz.de/10014410369
Conventional fiscal accounting methodologies do not appropriately account for governments’ noncash policies, such as their contingent liabilities. When these liabilities are called, budget costs can be large, as evidenced by the United States’ saving and loan crisis. In general, deficit...
Persistent link: https://www.econbiz.de/10014396193
This technical note presents a comparative analysis of the Danish Mortgage Market. It discusses the particularities of … the regulatory framework of the Danish mortgage system. The note compares and contrasts mortgage financing in Denmark and … evolutions, which could have potentially far-reaching consequences for the Danish mortgage system, are elaborated. The note also …
Persistent link: https://www.econbiz.de/10014407250
Property price inflation has accelerated during the last few years, propelled by low mortgage rates, poor returns from …
Persistent link: https://www.econbiz.de/10005598837
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
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
This Selected Issues paper on the United States examines the effect of the structure of the mortgage market on real … housing activity and housing prices. The market-based financial structure has reduced the volatility of mortgage lending …. Changes in the structure of the mortgage market have coincided with lower volatility of real housing activity. Regional income …
Persistent link: https://www.econbiz.de/10005252961
.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
Sharp increase in house prices in Hong Kong SAR in 2009-2010 has led to concerns of an emerging real estate bubble. According to our measure of price deviation from fundamentals, which should be taken as an early warning indicator of market exuberance, the current level of house prices in Hong...
Persistent link: https://www.econbiz.de/10008777036
Treasury inflation protected securities (TIPS), budget institutions for federal fiscal consolidation, and mortgage …
Persistent link: https://www.econbiz.de/10011242497