02026cas a2200241 a 4500 AALejournalIMF016159 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513526324 1018-5941 BD-DhAAL BD-DhAAL Chow, Julian. Guyana : Housing Market and Implications for Macroprudential Policies / Julian Chow. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (26 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 Guyana's residential real estate prices have been rising, particularly in the capital city Georgetown, following the discovery of oil in 2015. In line with the growing demand for housing, commercial banks' housing loans have increased, prompting higher household debt. This paper presents two analyses which suggest that housing prices in Georgetown and banks' lending to the housing sector appear to be in their early stages of growth. However, given the data limitations and caveats that underpin the analyses, the findings could also indicate early signals of possible risks. Further data collection would support surveillance and deeper studies. At the same time, enhancing prudential measures would help safeguard financial and macroeconomic stability. These include strengthening the monitoring of the housing market, bank lending practices and household debt, as well as fortifying the macroprudential framework, including with more effective toolkits for early intervention. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2020/020 Full text available on IMF http://elibrary.imf.org/view/journals/001/2020/020/001.2020.issue-020-en.xml IMF e-Library