Housing finance in the global financial market
Executive summary At its meeting in November 2004, the Committee on the Global Financial System (CGFS) established a Working Group under the chairmanship of Mr Lars Nyberg of Sveriges Riksbank to study recent changes in housing finance systems as part of the Committee's ongoing work to guard against risks to financial stability. The recent developments in housing finance in the global financial market, ie increased household indebtedness and rising house prices, have been a focus of policy in a number of central banks and perhaps also a component in monetary policy decisions. This is, however, not the focus of this report. The main objectives of the Working Group were to analyse the significance of developments affecting the supply of, and demand for, housing finance. This report documents the Group's main findings. It highlights important similarities and differences that have helped shape the evolution of national housing finance systems.
|This book is provided by Bank for International Settlements in its series CGFS Papers with number 26 and published in 2006.|
|Contact details of provider:|| Postal: Centralbahnplatz 2, CH - 4002 Basel|
Phone: (41) 61 - 280 80 80
Fax: (41) 61 - 280 91 00
Web page: http://www.bis.org/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Maria Concetta Chiuri & Tullio Jappelli, 2000.
"Financial Market Imperfections and Home Ownership: A Comparative Study,"
CSEF Working Papers
44, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 01 Dec 2000.
- Chiuri, Maria Concetta & Jappelli, Tullio, 2003. "Financial market imperfections and home ownership: A comparative study," European Economic Review, Elsevier, vol. 47(5), pages 857-875, October.
- Chiuri, Maria Concetta & Jappelli, Tullio, 2001. "Financial Market Imperfections and Home Ownership: A Comparative Study," CEPR Discussion Papers 2717, C.E.P.R. Discussion Papers.
- Ortalo-Magné, François & Rady, Sven, 2005.
"Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraint,"
Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems
50, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Ortalo-Magné, François & Rady, Sven, 2001. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints," CEPR Discussion Papers 3015, C.E.P.R. Discussion Papers.
- Sven Rady & François Ortalo-Magné, 2001. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints," CESifo Working Paper Series 470, CESifo Group Munich.
- Sven Rady, 2001. "Housing Market Dynamics: on the Contribution of Income Shocks and Credit Constraints," FMG Discussion Papers dp375, Financial Markets Group.
- François Ortalo-Magné & Sven Rady, 2002. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints," Wisconsin-Madison CULER working papers 02-01, University of Wisconsin Center for Urban Land Economic Research.
- Melvin Stephens, Jr., 2003.
"Job Loss Expectations, Realizations, and Household Consumption Behavior,"
NBER Working Papers
9508, National Bureau of Economic Research, Inc.
- Melvin Stephens, 2004. "Job Loss Expectations, Realizations, and Household Consumption Behavior," The Review of Economics and Statistics, MIT Press, vol. 86(1), pages 253-269, February.
- Raghuram G. Rajan, 2005.
"Has Financial Development Made the World Riskier?,"
- Raghuram G. Rajan, 2005. "Has financial development made the world riskier?," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, issue Aug, pages 313-369.
- Diana Hancock & Andreas Lehnert & Wayne Passmore & Shane M. Sherlund, 2005. "An analysis of the potential competitive impacts of Basel II capital standards on U.S. mortgage rates and mortgage securitization," Basel II White Paper 3, Board of Governors of the Federal Reserve System (U.S.).
- Bianco, Magda & Jappelli, Tullio & Pagano, Marco, 2002.
"Courts and Banks: Effects of Judicial Enforcement on Credit Markets,"
CEPR Discussion Papers
3347, C.E.P.R. Discussion Papers.
- Jappelli, Tullio & Pagano, Marco & Bianco, Magda, 2005. "Courts and Banks: Effects of Judicial Enforcement on Credit Markets," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 37(2), pages 223-44, April.
- Magda Bianco & Tullio Jappelli & Marco Pagano, 2001. "Courts and Banks: Effects of Judicial Enforcement on Credit Markets," CSEF Working Papers 58, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 09 Apr 2002.
- Jappelli, Tullio & Pistaferri, Luigi, 2003. "Tax Incentives to Saving and Borrowing," CEPR Discussion Papers 3881, C.E.P.R. Discussion Papers.
When requesting a correction, please mention this item's handle: RePEc:bis:biscgf:26. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christian Beslmeisl)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.