01822cas a2200253 a 4500 AALejournalIMF008064 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451843545 1018-5941 BD-DhAAL BD-DhAAL Nothaft, Frank. The Role of Affordable Mortgages in Improving Living Standards and Stimulating Growth : A Survey of Selected Mena Countries / Frank Nothaft, S. Erbas. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (41 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper argues that making affordable home mortgage loans available to a large cross section of the population will serve both the redistributive and growth-enhancing objectives of poverty reduction policies. The current state of housing and mortgage markets in selected Middle East and North Africa (MENA) countries (Algeria, Egypt, Jordan, Morocco, and Tunisia) is examined. The study evaluates Turkey and Mexico as middle-income comparator countries. Historical experience of the United States is also described. Simulations based on U.S. parameters provide some guide to the effects on economic growth of alleviating housing shortages by improving access to mortgage financing. Mode of access: Internet Erbas, S. IMF Working Papers; Working Paper ; No. 2002/017 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/017/001.2002.issue-017-en.xml IMF e-Library