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Record Nr. |
UNINA9910971230403321 |
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Autore |
Cubeddu Luis |
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Titolo |
Latin America : : Vulnerabilities Under Construction? / / Luis Cubeddu, Camilo Tovar Mora, Evridiki Tsounta |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2012 |
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ISBN |
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9781475545142 |
1475545142 |
9781475573350 |
1475573359 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (28 p.) |
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Collana |
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Altri autori (Persone) |
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Tovar MoraCamilo |
TsountaEvridiki |
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Disciplina |
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Soggetti |
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Mortgage loans - Latin America |
Housing - Prices - Latin America |
Banks |
Credit booms |
Credit |
Depository Institutions |
Economic Development: Urban, Rural, Regional, and Transportation Analysis |
Finance |
Financial Institutions and Services: General |
Financial institutions |
Financial Markets and the Macroeconomy |
General Financial Markets: General (includes Measurement and Data) |
Housing prices |
Housing Supply and Markets |
Housing |
Industries: Financial Services |
Infrastructure |
Macroeconomics |
Micro Finance Institutions |
Monetary economics |
Monetary Policy, Central Banking, and the Supply of Money and Credit: General |
Money and Monetary Policy |
Money |
Mortgages |
National accounts |
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Prices |
Property & real estate |
Real Estate Services |
Real Estate |
Saving and investment |
Colombia |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Cover; Contents; I. Introduction; Figures; 1. Latin America: Mortgage and Housing Market Developments; II. Developments in The Mortgage Credit and Real Estate Sector; A. Mortgage Credit; B. Construction Activity; C. House Prices; III. Making the Most of Imperfect Data; A. Identifying Mortgage Booms; Tables; 1. Data Availability on Select Financial and Housing Sector Indicators; B. Identifying Housing Price Booms; 2. Determinants of Equilibrium House Prices: Chile, Colombia, Mexico, and Peru; 2. Actual and Estimated Real House Prices; 3. House Price Over/(under)valuation; Box |
1. Colombia's Mortgage Crisis of the Late 1990's: A Cautionary Tale IV. The Household Debt Burden and Financial Balance Sheets; V. Conclusions and Policy Recommendations; References; Appendices; I. Data Definitions and Sources; II. Methodologies for Estimating Credit Booms and House Price Bubbles; III. Cointegration Tests |
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Sommario/riassunto |
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This paper documents developments in mortgage credit and the housing sector in Latin America over the past decade, and compares them with those of other emerging economies. In particular, it examines the real estate and mortgage markets to assess whether (i) growth in mortgage credit is excessive compared to long-term trends; (ii) trends in house prices reflect changes in economic fundamentals; and (iii) the extent to which household and banking sector vulnerabilities could lead to potential fragilities. Although data limitations hamper a rigorous analysis of trends, our analysis suggests that while there are no imminent misalignments in the real estate and mortgage sectors, they could emerge if current trends persist. Strengthening supervision and addressing data gaps is thus critical to ensure adequate monitoring of risks and vulnerabilities in these sectors. |
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