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

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 imple...

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Bibliografiska uppgifter
Huvudupphovsman: Rabanal, Pau
Övriga upphovsmän: Crowe, Christopher, Dell'Ariccia, Giovanni, Igan, Deniz
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2011.
Serie:IMF Working Papers; Working Paper ; No. 2011/091
Länkar:Full text available on IMF
Beskrivning
Sammanfattning: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.
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Fysisk beskrivning:1 online resource (58 pages)
Materialtyp:Mode of access: Internet
ISSN:1018-5941
Tillgång:Electronic access restricted to authorized BRAC University faculty, staff and students