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Sustainable development of housing finance markets – An international perspective after the crisis

  • Friedemann Roy
  • The World Bank Washington DC
Chapter
Part of the Management for Professionals book series (MANAGPROF)

Abstract

Like Michel Ende’s novel “The Never-ending Story,” it seems that house price bubbles tend to occur at regular intervals. Due to the interlinkages with the banking sector, a bursting property bubble often leads to a banking crisis, damping economic growth and destroying prosperity. The objective is to show the relationship between property and bank lending. The factors which fuel a housing bubble will be discussed and the indicators pointed out that help identify rising house price inflation. In conclusion an analysis is given of the future prospects of property markets in advanced economies and in emerging markets.

Keywords

Interest Rate House Price Housing Market Foreign Currency Advanced Economy 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2012

Authors and Affiliations

  • Friedemann Roy
    • 1
  • The World Bank Washington DC
  1. 1.World BankWashingtonUSA

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