02009cas a2200265 a 4500 AALejournalIMF012048 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475505429 1018-5941 BD-DhAAL BD-DhAAL Cubeddu, Luis. Latin America : Vulnerabilities Under Construction? / Luis Cubeddu, Camilo Tovar Mora, Evridiki Tsounta. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (27 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 documents developments in mortgage credit and the housing sector in Latin America over the past decade, and compares them with those of other emerging economies. In particular, it examines the real estate and mortgage markets to assess whether (i) growth in mortgage credit is excessive compared to long-term trends; (ii) trends in house prices reflect changes in economic fundamentals; and (iii) the extent to which household and banking sector vulnerabilities could lead to potential fragilities. Although data limitations hamper a rigorous analysis of trends, our analysis suggests that while there are no imminent misalignments in the real estate and mortgage sectors, they could emerge if current trends persist. Strengthening supervision and addressing data gaps is thus critical to ensure adequate monitoring of risks and vulnerabilities in these sectors. Mode of access: Internet Tovar Mora, Camilo. Tsounta, Evridiki. IMF Working Papers; Working Paper ; No. 2012/193 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/193/001.2012.issue-193-en.xml IMF e-Library