Cargando…

Is housing wealth an "ATM"? : the relationship between household wealth, home equity withdrawal, and saving rates /

This paper examines the role increasing personal wealth and home equity withdrawal (HEW) have had in the decline in the personal saving rate in the United States. It does so by comparing the U.S. experience with those of Australia, Canada, and the United Kingdom. Mortgage market liberalization and i...

Descripción completa

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Klyuev, Vladimir (Autor), Mills, Paul S. (Autor)
Autores Corporativos: International Monetary Fund. International Capital Markets Department, International Monetary Fund. Western Hemisphere Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, Western Hemisphere Dept. and International Capital Markets Dept., ©2006.
Colección:IMF working paper ; WP/06/162.
Temas:
Acceso en línea:Texto completo

MARC

LEADER 00000cam a2200000 a 4500
001 EBOOKCENTRAL_ocn694141164
003 OCoLC
005 20240329122006.0
006 m o d
007 cr cn|||||||||
008 070122s2006 dcua ob i000 0 eng d
040 |a E7B  |b eng  |e pn  |c E7B  |d OCLCQ  |d IDEBK  |d OCLCO  |d OCLCQ  |d OCLCA  |d OCLCF  |d OCLCE  |d OCLCO  |d EBLCP  |d DEBSZ  |d OCLCQ  |d CUS  |d LOA  |d MERUC  |d COCUF  |d MOR  |d PIFAG  |d ZCU  |d OCLCQ  |d U3W  |d STF  |d WRM  |d CEF  |d NRAMU  |d ICG  |d CUS  |d VT2  |d AU@  |d OCLCQ  |d WYU  |d KNM  |d DKC  |d OCLCQ  |d UX1  |d HS0  |d UWK  |d ADU  |d OCLCQ  |d UKCRE  |d BOL  |d OCLCO  |d OCLCQ  |d OCLCO  |d REDDC  |d OCLCQ  |d OCLCO  |d OCLCQ  |d OCLCO  |d OCLCQ  |d OCLCL  |d OCLCQ 
019 |a 647570035  |a 764537129  |a 805507255  |a 817799044  |a 961487987  |a 962560750  |a 966216259  |a 975210079  |a 975242170  |a 988528940  |a 992100748  |a 1018019566  |a 1037934801  |a 1038643991  |a 1041880017  |a 1044334991  |a 1045571398  |a 1055312237  |a 1056440610  |a 1058772405  |a 1060859852  |a 1065943046  |a 1075565927  |a 1080150862  |a 1081231666  |a 1082459146  |a 1101715155  |a 1103546605  |a 1107353329  |a 1108999242  |a 1110263223  |a 1112936311  |a 1114352050  |a 1119018140  |a 1153511211  |a 1202537305  |a 1228559805  |a 1257382409 
020 |a 1282590081 
020 |a 9781282590083 
020 |a 9781451984927 
020 |a 1451984928 
020 |a 1462370993 
020 |a 9781462370993 
020 |a 1452722900 
020 |a 9781452722900 
020 |a 9786613822581 
020 |a 6613822582 
024 8 |a 10.5089/9781451984927.001 
029 1 |a AU@  |b 000053018509 
029 1 |a DEBBG  |b BV044086291 
029 1 |a DEBSZ  |b 449526208 
029 1 |a NZ1  |b 13864893 
035 |a (OCoLC)694141164  |z (OCoLC)647570035  |z (OCoLC)764537129  |z (OCoLC)805507255  |z (OCoLC)817799044  |z (OCoLC)961487987  |z (OCoLC)962560750  |z (OCoLC)966216259  |z (OCoLC)975210079  |z (OCoLC)975242170  |z (OCoLC)988528940  |z (OCoLC)992100748  |z (OCoLC)1018019566  |z (OCoLC)1037934801  |z (OCoLC)1038643991  |z (OCoLC)1041880017  |z (OCoLC)1044334991  |z (OCoLC)1045571398  |z (OCoLC)1055312237  |z (OCoLC)1056440610  |z (OCoLC)1058772405  |z (OCoLC)1060859852  |z (OCoLC)1065943046  |z (OCoLC)1075565927  |z (OCoLC)1080150862  |z (OCoLC)1081231666  |z (OCoLC)1082459146  |z (OCoLC)1101715155  |z (OCoLC)1103546605  |z (OCoLC)1107353329  |z (OCoLC)1108999242  |z (OCoLC)1110263223  |z (OCoLC)1112936311  |z (OCoLC)1114352050  |z (OCoLC)1119018140  |z (OCoLC)1153511211  |z (OCoLC)1202537305  |z (OCoLC)1228559805  |z (OCoLC)1257382409 
037 |b 00013468 
042 |a dlr 
043 |a n-us--- 
050 4 |a HG2040.45  |b .K58 2006eb 
082 1 4 |a 330  |q OCoLC  |2 15/eng/20231120 
049 |a UAMI 
100 1 |a Klyuev, Vladimir,  |e author. 
245 1 0 |a Is housing wealth an "ATM"? :  |b the relationship between household wealth, home equity withdrawal, and saving rates /  |c Vladimir Klyuev and Paul Mills. 
260 |a [Washington, D.C.] :  |b International Monetary Fund, Western Hemisphere Dept. and International Capital Markets Dept.,  |c ©2006. 
300 |a 1 online resource (25 pages) :  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
340 |g polychrome.  |2 rdacc  |0 http://rdaregistry.info/termList/RDAColourContent/1003 
347 |a text file  |2 rdaft  |0 http://rdaregistry.info/termList/fileType/1002 
490 1 |a IMF working paper,  |x 2227-8885 ;  |v WP/06/162 
504 |a Includes bibliographical references. 
588 0 |a Print version record. 
520 |a This paper examines the role increasing personal wealth and home equity withdrawal (HEW) have had in the decline in the personal saving rate in the United States. It does so by comparing the U.S. experience with those of Australia, Canada, and the United Kingdom. Mortgage market liberalization and innovation should reduce household cash flow and collateral constraints while making housing wealth more liquid as HEW becomes easier over time. Regression analysis indicates the expected negative relationship between U.S. saving and net worth, with a somewhat smaller coefficient than in previous studies. HEW is estimated to have a temporary negative impact on saving of the order of 20 cents on the dollar. 
506 |3 Use copy  |f Restrictions unspecified  |2 star  |5 MiAaHDL 
533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2010.  |5 MiAaHDL 
538 |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.  |u http://purl.oclc.org/DLF/benchrepro0212  |5 MiAaHDL 
583 1 |a digitized  |c 2010  |h HathiTrust Digital Library  |l committed to preserve  |2 pda  |5 MiAaHDL 
505 0 |a Contents -- I. INTRODUCTION -- II. HAVE SAVING RATES REALLY FALLEN? -- III. LIKELY IMPACT OF FINANCIAL INNOVATION AND LIBERALIZATION ON HOME EQUITY WITHDRAWAL (HEW) AND SAVING -- IV. TRENDS IN HEWAND HOUSEHOLD SAVING ACROSS COUNTRIES -- V. HOW DOES HEW AFFECT HOUSEHOLD SAVING? -- VI. ECONOMETRIC ANALYSIS -- VII. RECENT EXPERIENCE OF HEW IN AUSTRALIA AND UNITED KINGDOM: IMPLICATIONS FOR UNITED STATES? -- VIII. CONCLUSIONS -- APPENDIX -- I. FINANCIAL LIBERALIZATION AND MORTGAGE PRODUCT INNOVATION -- II. DATA ISSUES -- References 
546 |a English. 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Home equity conversion  |z United States. 
650 0 |a Saving and investment  |z United States. 
650 6 |a Valeur nette du logement  |x Conversion  |z États-Unis. 
650 6 |a Épargne  |z États-Unis. 
650 7 |a Home equity conversion  |2 fast 
650 7 |a Saving and investment  |2 fast 
651 7 |a United States  |2 fast  |1 https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq 
700 1 |a Mills, Paul S.,  |e author. 
710 2 |a International Monetary Fund.  |b International Capital Markets Department. 
710 2 |a International Monetary Fund.  |b Western Hemisphere Department. 
758 |i has work:  |a Is housing wealth an "ATM"? (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCFHwy6MyV7kjqJpFCfvVfq  |4 https://id.oclc.org/worldcat/ontology/hasWork 
776 0 8 |i Print version:  |a Klyuev, Vladimir.  |t Is housing wealth an "ATM"?.  |d Washington, D.C. : International Monetary Fund, Western Hemisphere Dept. and International Capital Markets Dept., ©2006  |w (OCoLC)79474935 
830 0 |a IMF working paper ;  |v WP/06/162. 
856 4 0 |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=3014485  |z Texto completo 
936 |a BATCHLOAD 
938 |a ProQuest Ebook Central  |b EBLB  |n EBL3014485 
938 |a ebrary  |b EBRY  |n ebr10380864 
938 |a ProQuest MyiLibrary Digital eBook Collection  |b IDEB  |n 382258 
994 |a 92  |b IZTAP