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

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 disa...

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Bibliographic Details
Main Author: Cerutti, Eugenio
Other Authors: Dagher, Jihad, Dell'Ariccia, Giovanni
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2015
Series:Staff Discussion Notes
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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260 |a Washington, D.C.  |b International Monetary Fund  |c 2015 
300 |a 35 pages 
651 4 |a United States 
653 |a Depository Institutions 
653 |a Credit 
653 |a Real Estate 
653 |a Banks 
653 |a Finance 
653 |a Industries: Financial Services 
653 |a Infrastructure 
653 |a Monetary economics 
653 |a Financial institutions 
653 |a Economic Development: Urban, Rural, Regional, and Transportation Analysis 
653 |a Housing Supply and Markets 
653 |a Micro Finance Institutions 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Housing 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Housing; Prices 
653 |a Mortgages 
653 |a National accounts 
653 |a Money 
653 |a Property & real estate 
653 |a Saving and investment 
653 |a Financial Markets and the Macroeconomy 
653 |a Prices 
653 |a Macroeconomics 
653 |a Central Banks and Their Policies 
653 |a Credit booms 
653 |a Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) 
653 |a Money and Monetary Policy 
653 |a Housing prices 
700 1 |a Dagher, Jihad 
700 1 |a Dell'Ariccia, Giovanni 
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520 |a 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