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Latin America : vulnerabilities under construction? /
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 co...
| Call Number: | Libro Electrónico |
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| Main Authors: | , , |
| Corporate Author: | |
| Format: | Electronic eBook |
| Language: | Inglés |
| Published: |
[Place of publication not identified] :
International Monetary Fu,
2012.
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| Series: | IMF working paper ;
WP/12/193. |
| Subjects: | |
| Online Access: | Texto completo |
| Summary: | 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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| Physical Description: | 1 online resource : illustrations |
| Bibliography: | Includes bibliographical references. |
| ISBN: | 1475517599 9781475517590 9781475573350 1475573359 1475505426 9781475505429 1475545142 9781475545142 |