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This paper studies the impact of housing market cycles on loss given default (LGD). Previous studies have shown that …
Persistent link: https://www.econbiz.de/10008560443
Sharp increase in house prices combined with the extraordinary Chinese lending growth during 2009 has led to concerns of an emerging real estate bubble. We find that, for China as a whole, the current levels of house prices do not seem significantly higher than would be justified by underlying...
Persistent link: https://www.econbiz.de/10008777035
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Since Spain joined the EMU, two main important factors behind the housing boom appear to be the decrease of nominal …
Persistent link: https://www.econbiz.de/10008559269
This Selected Issues paper for the United States discusses the microeconomics of the country—household wealth and savings. Households’ consumption-saving decisions have an important bearing on the U.S. economic outlook. This paper demonstrates how households with consistently lower...
Persistent link: https://www.econbiz.de/10011244682
In this study, China’s economic developments and policies are discussed. Economic growth has been increased by expanding infrastructure and real estate construction. The policy measures outlined in the twelfth five-year plan and implementation of financial reform are important for...
Persistent link: https://www.econbiz.de/10011242493
Canadian housing prices are higher than levels consistent with current fundamentals in some provinces. The empirical … estimates suggest that a 10 percent decline in housing prices would lead to a 1¼ percent decline in private consumption. The … high level of household leverage and housing prices could prove to be a source of vulnerability. The rebound in debt and …
Persistent link: https://www.econbiz.de/10011243089
Spain’s housing boom was supported by rapid economic expansion, strong employment growth, an immigration boom, and … 2010, employment and value added in construction are projected to halve as peak housing starts are completed. The …, housing market cyclicality could be reduced by fading out generous home ownership incentives. …
Persistent link: https://www.econbiz.de/10011243185