How to Deal with Real Estate Booms : Lessons from Country Experiences

Author/Editor:

Pau Rabanal ; Christopher W. Crowe ; Giovanni Dell'Ariccia ; Deniz O Igan

Publication Date:

April 1, 2011

Electronic Access:

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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:

The financial crisis showed, once again, that neglecting real estate booms can have disastrous consequences. In this paper, we spell out the circumstances under which a more active policy agenda on this front would be justified. Then, we offer tentative insights on the pros and cons as well as implementation challenges of various policy tools that can be used to contain the damage to the financial system and the economy from real estate boom-bust episodes.

Series:

Working Paper No. 11/91

Subject:

English

Publication Date:

April 1, 2011

ISBN/ISSN:

9781455253302/1018-5941

Stock No:

WPIEA2011091

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

58

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