Real Estate Market Developments and Financal Sector Soundness

ByPaul Louis Ceriel Hilbers, Lisbeth S Zacho, Qin Lei

September 1, 2001

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.

Subject: Banking, Commercial banks, Credit, Economic sectors, Financial institutions, Financial sector, Land prices, Money, Prices, Real estate prices

Keywords: Asia and Pacific, Commercial banks, Credit, determination process, financial crises, financial sector, Land prices, price development, price fall, prices fall, property price, real estate, Real estate prices, stock price, WP

Pages:
34
Volume:
2001
DOI:
https://doi.org/10.5089/9781451855111.001
Issue:
129
Series:
Working Paper No. 2001/129
Stock No:
WPIEA1292001
ISBN:
9781451855111
ISSN:
1018-5941

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