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Real Estate Market Developments and Financal Sector Soundness
Author:
Mr. Paul Louis Ceriel Hilbers
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,
Ms. Lisbeth S Zacho
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, and
Mr. Qin Lei
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Series:
IMF Working Papers
Volume/Issue:
Volume 2001: Issue 129
Language:
English
Publication Date:
01 Sep 2001
DOI:
https://doi.org/10.5089/9781451855111.001
ISBN:
9781451855111
ISSN:
1018-5941
Pages:
34
Keywords:
WP; real estate; property price; price development; determination process; prices fall; stock price; financial sector; financial crises; price fall; Real estate prices; Land prices; Commercial banks; Credit; Asia and Pacific
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper analyses the characteristics and functioning of real estate markets. It focuses on the relationship between developments in these markets and the financial sector to determine under what circumstances real estate booms and busts can develop and how they can affect the health and stability of the financial system. It concludes that unbalanced real estate price developments often contribute to financial sector distress and that trends in real estate markets should be monitored closely in the context of financial sector assessments.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund