1.

Record Nr.

UNINA9910809841303321

Titolo

Housing finance policy in emerging markets / / edited by Loic Chiquier and Michael Lea

Pubbl/distr/stampa

Washington, DC : , : World Bank, , [2009]

copyright 2009

ISBN

1-282-18395-8

9786612183959

0-8213-7751-5

Descrizione fisica

xliv, 491 pages : illustrations ; ; 23 cm

Altri autori (Persone)

ChiquierLoic

LeaMichael J. <1949->

Disciplina

332.7/22091724

Soggetti

Housing - Developing countries - Finance

Housing policy - Developing countries

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; Foreword; Acknowledgments; Abbreviations; Introduction; Objectives; Evolution of Housing Finance Systems; Figures; Policy Recommendations; Impact and Lessons of the U.S. Subprime Crisis; Housing Finance Is Interrelated with the Broader Economy; Structure of the Book; Summary Conclusions; Chapter 1 Housing Finance and the Economy; Boxes; Tables; Chapter 2 Structure and Evolution of Housing Finance Systems; Chapter 3 Mortgage Instruments; Chapter 4 Primary Mortgage Market Infrastructure; Chapter 5 Enforcement of Mortgage Rights; Chapter 6 Consumer Information and Protection

Chapter 7 Construction Finance in Emerging EconomiesChapter 8 Risk Management and Regulation; Chapter 9 Contractual Savings for Housing; Chapter 10 State Housing Banks; Chapter 11 Housing Provident Funds; Chapter 12 Mortgage Securities in Emerging Markets; Chapter 13 Mortgage Insurance; Chapter 14 Residential Rental Housing Finance; Chapter 15 Housing Microfinance; Chapter 16 Housing Finance Subsidies; Bibliography; Contributors

Sommario/riassunto

Housing finance markets have been changing dramatically in both emerging and developed economies. On the one hand, housing finance



markets are expanding and represent a powerful engine for economic growth in many emerging economies. However, the unfolding sub-prime mortgage crisis highlights the risks and potential turbulence that this sector can introduce into the financial system when expanding without proper infrastructure and regulation. As housing finance keeps growing in emerging economies to match a rising demand for housing, new risk management approaches, business models, funding tool