01738cas a2200253 a 4500 AALejournalIMF018368 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484348550 1018-5941 BD-DhAAL BD-DhAAL Koss, Richard. Stabilizing China's Housing Market / Richard Koss, Xinrui Shi. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (33 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 The sharp rise of house prices in China's Tier-1 cities has fostered a great deal of commentary about the possibility of bubbles forming there. However, China's unique housing market characteristics make it difficult to assess the macroeconomic severity of bursting bubbles, even if they exist. These include the setting of land supply and prices by the government, among many others. The presence of overbuilt 'ghost cities' greatly complicates the ability of traditional macroeconomic policies to address these concerns. This paper looks at proposals to shore up the mortgage underwriting and legal infrastructure to help China withstand the impact of falling prices, should this occur. Mode of access: Internet Shi, Xinrui. IMF Working Papers; Working Paper ; No. 2018/089 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/089/001.2018.issue-089-en.xml IMF e-Library