Real Estate Market Developments and Financal Sector Soundness

 
Author/Editor: Hilbers, Paul Louis Ceriel ; Lei, Qin ; Zacho, Lisbeth
 
Publication Date: September 01, 2001
 
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
 
Summary: This paper analyses the characteristics and functioning of real estate markets. It focuses on the relationship between developments in these markets and the financial sector to determine under what circumstances real estate booms and busts can develop and how they can affect the health and stability of the financial system. It concludes that unbalanced real estate price developments often contribute to financial sector distress and that trends in real estate markets should be monitored closely in the context of financial sector assessments.
 
Series: Working Paper No. 01/129
Subject(s): Markets | Financial sector | Financial crisis | Spain | Singapore | Sweden | Mexico | Canada | Malaysia | Thailand | Japan | Finland | Ireland

Author's Keyword(s): Real estate | financial sector | financial crisis
 
English
Publication Date: September 01, 2001
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA1292001 Pages: 39
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