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How to Deal with Real Estate Booms

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Author Info

  • Pau Rabanal
  • Christopher W. Crowe
  • Giovanni Dell'Ariccia
  • Deniz Igan

Abstract

The financial crisis showed, once again, that neglecting real estate booms can have disastrous consequences. In this paper, we spell out the circumstances under which a more active policy agenda on this front would be justified. Then, we offer tentative insights on the pros and cons as well as implementation challenges of various policy tools that can be used to contain the damage to the financial system and the economy from real estate boom-bust episodes.

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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 11/91.

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Length: 58
Date of creation: 01 Apr 2011
Date of revision:
Handle: RePEc:imf:imfwpa:11/91

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Keywords: Bank credit; Housing; Property taxes; Real estate prices; real estate; mortgage; mortgages; mortgage loans; mortgage interest; mortgage credit; real estate market; real estate markets; real estate loans; commercial real estate; homeownership; housing loans; mortgage debt; mortgage loan; housing markets; housing finance; real estate price; mortgage insurance; home ownership; home mortgage; traditional mortgage; residential mortgage; residential real estate; mortgage rates; real estate assets; mortgage payments; mortgage lending; liens; commercial real estate loans; second mortgages; housing finance agency; residential mortgages; housing policy; mortgage-backed securities; property purchase; housing units; real estate research; property values; private mortgage; mortgage markets; property developers; condominiums; foreclosures; mortgage rate; property investment; global real estate; mortgage market; real estate economics; mortgage default risk; mortgage brokers; housing loan; mortgage interest payments; mortgage financing; real estate lending; mortgage companies; mortgage default; housing supply; home equity; payments on mortgages; real estate transactions; mortgage interest deduction; housing credit; real estate finance; land development; mortgage defaults; construction projects; mortgage holders; mortgage interest rate; housing subsidies; mortgage bankers; mortgage corporation; land sales;

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References

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