Europe and Central Asia Housing Finance Crisis Prevention and Resolution : A Review of Policy Options

The objective of this paper, besides offering insight in the regional and global development and stability issues, is to initiate a dialog with housing finance market stakeholders on the course of action appropriate for their jurisdictions. The pol...

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Bibliographic Details
Main Author:	World Bank
Format:	Other Financial Sector Study
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ACCOUNTING AGENCY PROBLEM AMORTIZATION ARREARS ASSET CLASS ASSET MANAGEMENT ASSET MANAGERS ASSET PORTFOLIO ASSET PRICE ASSET PRICES ASSET QUALITY AVAILABILITY OF CREDIT BACKED SECURITIES BAILOUT BALANCE SHEET BALANCE SHEETS BANK BONDS BANK LENDERS BANK POLICY BANKING SECTOR BANKING SYSTEM BOND BOND PAYMENT BONDS BORROWER BORROWER BEHAVIOR BROKERS BULLET REPAYMENTS BUSINESS CYCLE BUSINESS CYCLES CAPITAL ADEQUACY CAPITAL ALLOCATION CAPITAL BASE CAPITAL CONSTRAINTS CAPITAL FLOWS CAPITAL GAINS CAPITAL INFLOWS CAPITAL MARKET CAPITAL MARKETS CAPITAL REQUIREMENTS CASH FLOW CASH FLOWS CENTRAL BANK CENTRAL BANKS COLLATERAL COMMERCIAL BANKS CONFLICT OF INTEREST CONSUMER CREDIT CONSUMER PROTECTION CORPORATE BONDS CORPORATE DEBT CREDIT ENHANCEMENT CREDIT GUARANTEE CREDIT HISTORY CREDIT LINES CREDIT RISK CREDIT RISKS CURRENCY DEPRECIATION CURRENCY RISK CURRENT ACCOUNT DEFICIT DEBT DEBT CRISIS DEBT INSTRUMENT DEBT INSTRUMENTS DEBT ISSUE DEBT OBLIGATION DEBT OBLIGATIONS DEBT OUTSTANDING DEPOSITS DEVALUATION DOMESTIC MARKETS EMERGING MARKETS EXCHANGE RATE FAIR VALUE FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INSTABILITY FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL MARKETS FINANCIAL RISK FINANCIAL SHOCKS FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL STRESS FINANCIAL SYSTEM FINANCIAL SYSTEMS FORECLOSURE FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN CURRENCY LOANS FOREIGN EXCHANGE FOREIGN EXCHANGE RISKS FOREIGN LENDERS GLOBAL BANKING GLOBAL ECONOMIES GROUPS OF LENDERS HOLDING HOME OWNERSHIP HOMEOWNERSHIP HOST COUNTRY HOUSEHOLD WEALTH HOUSING FINANCE INCOME TAX INFORMATION SYSTEM INFORMATION SYSTEMS INSURANCE COMPANIES INSURANCE PRODUCTS INTEREST RATE INTEREST RATE RISK INTERNATIONAL CAPITAL INVESTMENT FUNDS INVESTMENT OPPORTUNITIES IRREGULAR INCOMES ISSUANCE LENDER LENDERS LENDING CYCLE LENDING INTEREST RATES LEVEL OF INTEREST RATES LEVEL OF RISKS LIABILITY LIENS LIFE INSURANCE LIQUIDITY LIQUIDITY CRISIS LIQUIDITY RATIO LIQUIDITY RATIOS LIQUIDITY RISKS LOAN LOAN DEFAULTS LOAN MARKET LOAN OFFICERS LOAN PERFORMANCE LOAN PORTFOLIO LOAN PORTFOLIOS LOAN PRODUCTS LOAN REPAYMENT LOAN TERMS LOCAL BANKS LOCAL CURRENCY LOCAL LENDERS MACROECONOMIC CONDITIONS MARKET DATA MARKET DEEPENING MARKET DEVELOPMENT MARKET DEVELOPMENTS MARKET INFORMATION MARKET INFRASTRUCTURE MARKET INSTRUMENT MARKET INSTRUMENTS MARKET INTERMEDIARIES MARKET INTERMEDIARY MARKET LIQUIDITY MARKET PARTICIPANTS MARKET PRACTICE MARKET SHARE MARKET STABILITY MARKET STRUCTURES MARKET SURVEILLANCE MATURITY MATURITY MISMATCHES MORTGAGE MORTGAGE FINANCE MORTGAGE LOAN MORTGAGE LOANS MORTGAGE MARKET MORTGAGE MARKETS MORTGAGES NATIONAL BANK NON-PERFORMING LOAN NON-PERFORMING LOANS NPL OPEN ECONOMIES PARTICULAR DEBT PAYMENT OF PRINCIPAL PENSION PENSION FUNDS POLICY RESPONSE PORTFOLIO PORTFOLIO ALLOCATION PORTFOLIO MANAGEMENT PORTFOLIO PERFORMANCE PREPAYMENT PRIVATE CREDIT PRIVATE CREDIT BUREAUS PROVISIONING RULES PRUDENTIAL REGULATIONS PRUDENTIAL SUPERVISION PUBLIC MARKET REAL ESTATE INVESTMENT REAL ESTATE INVESTMENTS REAL ESTATE LENDING REGULAR PAYMENTS REGULATORY FRAMEWORK REPAYMENT CAPACITY REPO REPO TRANSACTIONS RESERVE RESERVE REQUIREMENTS RESIDENTIAL MORTGAGE RETURNS RISK AVERSION RISK FACTORS RISK MANAGEMENT RISK PROFILE SAVINGS SCHEMES SHARE OF CREDIT SHARE OF INVESTMENT SHAREHOLDER SHAREHOLDERS SMALL BUSINESS SOLVENCY SOVEREIGN DEBT SOVEREIGN GUARANTEE SOVEREIGN RATING TAX TAX TREATMENT TOTAL DEBT TRADING TRANCHES TRANSACTION TRANSPARENCY TURNOVER UNDERDEVELOPED CAPITAL MARKETS UNDERLYING ASSETS UNDERLYING MORTGAGE UNIVERSAL BANKS VALUATION VALUATIONS
Online Access:	http://documents.worldbank.org/curated/en/2013/03/17852623/europe-central-asia-housing-finance-crisis-prevention-resolution-review-policy-options http://hdl.handle.net/10986/16526