Real Estate Market Developments and Financal Sector Soundness
IMF Working Papers, September 1, 2001
Source details
- Canonical URL
- Real Estate Market Developments and Financal Sector Soundness
Other formats
Bibliographic details
- Authors: Paul Louis Ceriel Hilbers, Lisbeth S Zacho, Qin Lei
- Published: September 1, 2001
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451855111.001
Overview and central findings
- 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.
Policy implications and recommendations
- Monitor trends in real estate markets closely in the context of financial sector assessments.
- Pay particular attention to unbalanced real estate price developments, given their propensity to contribute to financial sector distress.
Content in this bundle
- Real Estate Market Developments and Financial Sector Soundness - WP/01/129