Housing Finance In The Euro Area

Author : Jens Lunde,Christine Whitehead
Publisher : John Wiley & Sons
Page : 488 pages
File Size : 46,7 Mb
Release : 2016-01-08
Category : Business & Economics
ISBN : 9781118929445

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Milestones in European Housing Finance by Jens Lunde,Christine Whitehead Pdf

This book provides evidence on how housing finance markets developed across Europe. The objective of the text is to bring together up to date material from across Europe which will help to clarify (i) how national housing finance markets have dealt with the challenges of deregulation and privatisation since the 1980s,(ii) how the financial crisis has impacted on the structure of the industry and the range of financial instruments available, (iii) how governments and the EU have responded to increasing risks and higher indebtedness in most West European countries and the need to grow new finance markets in Eastern Europe, and (iv) how changing housing finance markets impact on the capacity to provide adequate affordable housing into the future.

Author : Giancarlo Corsetti,Joao B. Duarte,Samuel Mann
Publisher : International Monetary Fund
Page : 63 pages
File Size : 45,7 Mb
Release : 2020-06-26
Category : Business & Economics
ISBN : 9781513548746

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One Money, Many Markets: Monetary Transmission and Housing Financing in the Euro Area by Giancarlo Corsetti,Joao B. Duarte,Samuel Mann Pdf

We study the transmission of monetary shocks across euro-area countries using a dynamic factor model and high-frequency identification. We develop a methodology to assess the degree of heterogeneity, which we find to be low in financial variables and output, but significant in consumption, consumer prices, and variables related to local housing and labor markets. Building a small open economy model featuring a housing sector and calibrating it to Spain, we show that varying the share of adjustable-rate mortgages and loan-to-value ratios explains up to one-third of the cross-country heterogeneity in the responses of output and private consumption.

Author : Michael Oxley
Publisher : UN-HABITAT
Page : 62 pages
File Size : 43,7 Mb
Release : 2009
Category : Europe
ISBN : 9789211321586

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Financing Affordable Social Housing in Europe by Michael Oxley Pdf

Author : P. Arestis,P. Mooslechner,Karin Wagner
Publisher : Springer
Page : 269 pages
File Size : 41,5 Mb
Release : 2009-11-18
Category : Business & Economics
ISBN : 9780230246980

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Housing Market Challenges in Europe and the United States by P. Arestis,P. Mooslechner,Karin Wagner Pdf

Housing finance structures and Institutional and regulatory/fiscal aspects in housing have changed significantly in recent years. This book examines the development in housing markets in Europe and the US, and looks at ways to make housing more affordable and housing market developments more stable.

Author : Kathleen Scanlon,Christine Whitehead,Melissa Fernández Arrigoitia
Publisher : John Wiley & Sons
Page : 496 pages
File Size : 43,9 Mb
Release : 2014-04-21
Category : Business & Economics
ISBN : 9781118412381

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Social Housing in Europe by Kathleen Scanlon,Christine Whitehead,Melissa Fernández Arrigoitia Pdf

All countries aim to improve housing conditions for their citizens but many have been forced by the financial crisis to reduce government expenditure. Social housing is at the crux of this tension. Policy-makers, practitioners and academics want to know how other systems work and are looking for something written in clear English, where there is a depth of understanding of the literature in other languages and direct contributions from country experts across the continent. Social Housing in Europe combines a comparative overview of European social housing written by scholars with in-depth chapters written by international housing experts. The countries covered include Austria, Denmark, England, France, Germany, Hungary, Ireland, The Netherlands and Sweden, with a further chapter devoted to CEE countries other than Hungary. The book provides an up-to-date international comparison of social housing policy and practice. It offers an analysis of how the social housing system currently works in each country, supported by relevant statistics. It identifies European trends in the sector, and opportunities for innovation and improvement. These country-specific chapters are accompanied by topical thematic chapters dealing with subjects such as the role of social housing in urban regeneration, the privatisation of social housing, financing models, and the impact of European Union state aid regulations on the definitions and financing of social housing.

Author : Bertrand Renaud
Publisher : World Bank Publications
Page : 28 pages
File Size : 44,9 Mb
Release : 1996
Category : Estabilizacion-europa oriental
ISBN : 8210379456XXX

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Housing finance in transition economies : the early years in eastern Europe and the former Soviet Union by Bertrand Renaud Pdf

Author : Mr.Thierry Tressel,Ms.Yuanyan Sophia Zhang
Publisher : International Monetary Fund
Page : 32 pages
File Size : 48,7 Mb
Release : 2016-01-12
Category : Business & Economics
ISBN : 9781498317436

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Effectiveness and Channels of Macroprudential Instruments by Mr.Thierry Tressel,Ms.Yuanyan Sophia Zhang Pdf

The crisis has highlighted the importance of setting up macro-prudential oversight frameworks, having effective macro-prudential instruments in place to be called upon to mitigate growing financial imbalances as needed. We develop a new approach using the euro area Bank Lending Survey to assess the effectiveness of macro-prudential policies in containing credit growth and house price appreciation in mortgage markets. We find instruments targeting the cost of bank capital most effective in slowing down mortgage credit growth, and that the impact is transmitted mainly through price margins, the same banking channel as monetary policy. Limits on loan-to-value ratios are also effective, especially when monetary policy is excessively loose.

Author : Doris Köhn,J. D. Pischke
Publisher : Springer Science & Business Media
Page : 244 pages
File Size : 52,9 Mb
Release : 2011-01-21
Category : Business & Economics
ISBN : 9783540778578

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Housing Finance in Emerging Markets by Doris Köhn,J. D. Pischke Pdf

The growth of urban areas and population in middle and low income countries is a continuing trend. Urbanization expands as rural to urban migration offers better income opportunities in cities. This trend is both a source of development opportunities and challenges for the housing sector. On the one hand, housing is a large and growing market, and on the other, massive slums confirm the poor housing conditions in many developing countries. These adverse conditions mirror inadequate housing policies, inefficient or absent property registration, as well as limits to access to housing finance. Provision of affordable housing is therefore an important topic in the fight against poverty. This book focuses on solutions that improve the enabling environment for the poor in accessing housing finance. It explores how to develop and integrate housing finance into a sustainable financial system for developing countries and offers ways in which low-income families can obtain better access to housing finance. This book provides a conceptual framework for housing finance development and addresses practical solutions in the provision of housing finance and compares different approaches.

Author : Mark Kleinman,Walter Matznetter,Mark Stephens
Publisher : Routledge
Page : 321 pages
File Size : 48,7 Mb
Release : 2005-07-28
Category : Science
ISBN : 9781134699209

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European Integration and Housing Policy by Mark Kleinman,Walter Matznetter,Mark Stephens Pdf

Good mix of analytical chapters and descriptive case studies Authors are very well known in the field

Author : Daniel Gros
Publisher : CEPS
Page : 15 pages
File Size : 55,9 Mb
Release : 2006
Category : Housing
ISBN : 9789290796152

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Bubbles in Real Estate? by Daniel Gros Pdf

Author : Olivier de Bandt,Thomas Knetsch,Juan Peñalosa,Francesco Zollino
Publisher : Springer Science & Business Media
Page : 406 pages
File Size : 43,7 Mb
Release : 2010-10-14
Category : Business & Economics
ISBN : 9783642153402

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Housing Markets in Europe by Olivier de Bandt,Thomas Knetsch,Juan Peñalosa,Francesco Zollino Pdf

During the recession in the years 2008-2009, the most severe for mature economies in the post-war period, housing markets were often mentioned as having a special responsibility. The objective of this book is to shed light on the cyclical behaviour of the housing markets, its fundamental determinants in terms of supply and demand characteristics, and its relationship with the overall business cycle. The co-movements of house prices across countries are also considered, as well as the channel of transmission of house price changes to the rest of the economy. Particular attention is paid to the effects on private consumption, through possible wealth effects. The book is a compilation of original papers produced by economists and researchers from the four main national central banks in the euro area, also with the participation of leading academics.

Author : OECD
Publisher : OECD Publishing
Page : 316 pages
File Size : 53,6 Mb
Release : 2005-08-10
Category : Electronic
ISBN : 9789264010178

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Housing Finance Markets in Transition Economies Trends and Challenges by OECD Pdf

A comprehensive issue-by-issue and country-by-country study of housing markets and housing finance markets in Central and Eastern Europe.

Author : Oscar Papa
Publisher : Unknown
Page : 128 pages
File Size : 52,9 Mb
Release : 1992-06-01
Category : Electronic
ISBN : 0685678393

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Housing Systems in Europe by Oscar Papa Pdf

Author : Mr. Paul Louis Ceriel Hilbers,Angana Banerji,Haiyan Shi,Mr. Alexander W. Hoffmaister
Publisher : International Monetary Fund
Page : 67 pages
File Size : 53,6 Mb
Release : 2008-09-01
Category : Business & Economics
ISBN : 9781451915228

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House Price Developments in Europe by Mr. Paul Louis Ceriel Hilbers,Angana Banerji,Haiyan Shi,Mr. Alexander W. Hoffmaister Pdf

House prices in Europe have shown diverging trends, and this paper seeks to explain these differences by analyzing three groups of countries: the "fast lane", the average performers, and the slow movers. Price movements in the first two groups are found to be driven mostly by income and trends in user costs, and housing markets in these countries seem relatively more susceptible to adverse developments in fundamentals. Real house price declines among the slow movers are harder to explain, although ample supply, low home ownership, and less complete mortgage markets are likely factors. The impact of macroeconomic, prudential and structural policies on housing markets can be large and should be a factor in policy decisions.

Author : Bertrand Renaud
Publisher : Unknown
Page : 28 pages
File Size : 54,8 Mb
Release : 2016
Category : Electronic
ISBN : OCLC:1290709831

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Housing Finance in Transition Economies by Bertrand Renaud Pdf

The evidence from the past five years suggests that the transition economies that achieved low inflation, adopted radical banking reforms, and seriously reformed laws and institutions in the real estate sector should be among the first to develop a modern system of housing finance.The transition to markets dominates the development agenda of the 1990s. Financial sector reforms are central to a successful transition to a market economy. Renaud focuses on one dimension of these reforms: the development of housing finance institutions and services.He presents a progress report for the years since 1989, when the road to change opened with the collapse of communist regimes in most countries. Rather than a detailed account of reform in 25 countries, he offers a general framework for analyzing change and evaluating the prospects for rapid development of market-based housing finance systems.To understand why sound housing finance systems have not yet developed, one must consider factors in four key reform areas:deg; The macroeconomic policies adopted to liberalize the economy and stabilize prices.deg; Privatization policies, in particular in housing and real estate.deg; The strategies adopted - whether by design or by default - to reform the financial sector.deg; The nature of the financial priorities and institutional constraints affecting housing finance reform strategies followed in different countries.Housing finance policy development has been somewhat haphazard in many countries. But the evidence suggests that the transition economies that have achieved low inflation, have adopted radical banking reforms, and seriously reformed and liberalized their real estate sector should be among the first to develop a modern system of housing finance.This paper - a product of the Financial Sector Development Department - is part of a larger effort in the department to monitor financial development in transition economies.