01799cas a2200241 a 4500 AALejournalIMF013700 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484380543 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. France : Financial Sector Assessment Program-Technical Note on Housing Prices and Financial Stability. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (53 pages) IMF Staff Country Reports <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 technical note examines housing prices and financial stability in France. The note highlights that sharply rising housing prices have caused concerns about mortgage credit risk and the stability of the financial system, particularly if the macroeconomic environment were to deteriorate further. France's housing market proved resilient during the crisis, declining by about 9 percent from its precrisis peak before rebounding since mid-2009 to surpass its precrisis peak. This resilience has reflected a confluence of fundamental, macroeconomic, financial, and asset allocation factors that have caused the demand for housing to remain well in excess of supply. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/184 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/184/002.2013.issue-184-en.xml IMF e-Library