Although the United States has developed highly sophisticated markets for funding corporate investment projects, markets for financing home ownership are comparatively rudimentary. When a corporation wishes to fund a project, it can choose any mix of debt and equity financing. In contrast, to...

In the current structure of the U.S. residential mortgage market, a fall in property values may make it very difficult for homeowners to refinance their mortgages to take advantage of falling interest rates. In this paper, we explain the institutional background for this effect and quantify its...

In the current structure of the U.S. residential mortgage market, a decrease in property values may make it very difficult for homeowners to refinance their mortgages to take advantage of declining interest rates. In this paper, the authors show that this form of collateral constraint has...

The purpose of knowledge mobilisation (KM) can be defined as the creation and communication of evidence motivated by a desire to improve the design, delivery and consequent impact of public services. This definition also embraces the notion of the civic academy. In this article, we explore the...

The current recession has major implications for residential-led regeneration activity across the UK. Current funding models are breaking down and the goals of regeneration activity will, for some time, be much harder to achieve. The Government getting to grips with the big picture is a...

In this study, we examine the idea of localism in the context of housing policy and as mediated by the experience of devolution in England and Scotland. After considering arguments for adopting localism in principle, we examine the meaning and limitations of the concept when account is taken of...

The current recession has major implications for residential-led regeneration activity across the UK. Current funding models are breaking down and the goals of regeneration activity will, for some time, be much harder to achieve. The Government getting to grips with the big picture is a...

China has emerged as an economic powerhouse (projected to have the largest economy in the world in a little over a decade) and is taking an ever-increasing role on the world stage. China's Rise: Challenges and Opportunities will help the United States and the rest of the world better comprehend...

The global economic crisis has made clear China's importance and expanding role on the world stage. China's Rise: Challenges and Opportunities, explains actions both China and the United States can take that will not only maximize the opportunities for China's constructive integration into the...

The rapid growth of the stock market since 1990 has encouraged the view that corporate equity holdings are becoming the primary asset for a broad spectrum of American households. A closer look at the evidence, however, reveals that real estate continues to eclipse stocks as a share of most...