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Entre régulation financière et innovation : le financement du logement et des infrastructures en Inde

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  • Morgane Lapeyre

Abstract

The 2008 financial crisis has highlighted the dangers of certain financial innovations that took place in the context of generalized deregulation. In India, as in other emerging countries, where financial markets are not very mature, the authorities could be tempted, by way of response, to take measures to prevent the appearance of innovative financial products with real utility. This is illustrated by the real estate market in India, which experienced a slowdown in 2008 because of the difficulties encountered by the principal financiers, commercial banks and the Housing Finance Corporation. In view of the great need for infrastructure and housing in India, the author recommends upgrading the securitization of real estate credits, which for him is an alternative to bank financing if it is accompanied by appropriate regulations and monitoring. Classification JEL: G21, G23, O16, 053.

Suggested Citation

  • Morgane Lapeyre, 2012. "Entre régulation financière et innovation : le financement du logement et des infrastructures en Inde," Revue d'économie financière, Association d'économie financière, vol. 0(3), pages 213-220.
    • Handle: RePEc:cai:refaef:ecofi_107_0213
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    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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