Housing Finance and Real-Estate Booms : A Cross-Country Perspective

Author/Editor:

Eugenio M Cerutti ; Jihad Dagher ; Giovanni Dell'Ariccia

Publication Date:

June 3, 2015

Electronic Access:

Free Full Text (PDF file size is 2836 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The recent global crisis highlighted the risks stemming from real estate booms. This has generated a growing literature trying to better understand the sources and the risks associated with housing and credit booms. This paper complements and supplements the previous work by (i) exploiting more disaggregated data on credit allowing us to dissociate between firm-credit and household (and in some cases mortgage) credit, and (ii) by taking into account the characteristics of the mortgage market, including institutional as well as other factors that vary across countries. This detailed cross-country analysis offers new valuable insights.

Series:

Staff Discussion Notes No. 15/12

Subject:

English

Publication Date:

June 3, 2015

ISBN/ISSN:

9781513571393/2221-030X

Stock No:

SDNEA201512

Price:

$10.00 (Academic Rate:$10.00)

Format:

Paper

Pages:

35

Please address any questions about this title to publications@imf.org