United States : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

July 28, 2006

Electronic Access:

Free Full Text (PDF file size is 962 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses how financial innovation turned U.S. mortgages into an asset class with worldwide investor appeal. It suggests that U.S. financial markets have been skilful in developing tools that have helped households exploit favorable global financing conditions to boost home ownership and acquire housing wealth. It reviews trends in labor supply and demand, electricity sector challenges, oil price developments, and the performance of the U.S. economy. It analyzes U.S. banking developments, with focus on large complex banking groups (LCBGs), and describes the structural change and competition among auto manufacturers and airlines.

Series:

Country Report No. 06/278

Subject:

English

Publication Date:

July 28, 2006

ISBN/ISSN:

9781451839654/1934-7685

Stock No:

1USAEA2006001

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

52

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