Real Estate Market Developments and Financal Sector Soundness
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
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. 2001/129
Subject:
Banking Commercial banks Credit Economic sectors Financial institutions Financial sector Land prices Money Prices Real estate prices
English
Publication Date:
September 1, 2001
ISBN/ISSN:
9781451855111/1018-5941
Stock No:
WPIEA1292001
Pages:
34
Please address any questions about this title to publications@imf.org