Title

Housing Finance Systems: Market Failures and Government Failures

Publication Type

Book

Publication Date

3-2013

Abstract

The term 'housing crisis' has, in recent times, been associated with rising foreclosure rates and tottering financial institutions, particularly in the US and Europe. However, in many rapidly urbanizing emerging countries, the housing crisis is about urban poverty, unplanned settlements, overcrowded slums and homelessness. Both these faces of the housing crisis require solutions for housing finance mechanisms and systems that lie at the root of each. A well functioning housing finance system can play an important role in helping to fulfil multiple objectives - promoting social and political stability, enhancing housing market performance, as well as contributing to financial sector stability and development. However, the complex systems within which it is embedded are also vulnerable to risks from multiple sources of market, political, and regulatory failures. This book draws on a wealth of examples from around the world to provide a road map for building more resilient housing finance systems.

Keywords

Housing, financing, housing policy, government policies

Discipline

Finance | Public Economics | Real Estate

Research Areas

Applied Microeconomics

ISBN

9781137014023

Publisher

Palgrave Macmillan

City or Country

Basingstoke

Additional URL

http://worldcat.org/isbn/9781137014023