Publication:
Housing Finance Across Countries : New Data and Analysis

dc.contributor.authorBadev, Anton
dc.contributor.authorBeck, Thorsten
dc.contributor.authorVado, Ligia
dc.contributor.authorWalley, Simon
dc.date.accessioned2014-02-03T20:40:03Z
dc.date.available2014-02-03T20:40:03Z
dc.date.issued2014-01
dc.description.abstractThis paper presents new data on the depth and penetration of mortgage markets across countries. There is a large variation across both dimensions of mortgage market development, across countries, but also -- in terms of depth -- within countries. Mortgage markets seem to develop only at relatively high levels of gross domestic product per capita. Policies associated with financial system development are also associated with mortgage market development, including price stability and the efficiency of contractual and information frameworks. The development of the insurance sector and the stock market, sources of long-term funding, is strongly associated with mortgage market development, while government subsidies and support are not. A benchmarking exercise compares the actual values of mortgage market development to values predicted by structural country factors and shows a large variation across countries and over time in the gap between predicted and actual values, related to specific policies but also mortgage boom and bust cycles.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/01/18841042/housing-finance-across-countries-new-data-analysis
dc.identifier.doi10.1596/1813-9450-6756
dc.identifier.urihttps://hdl.handle.net/10986/16821
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6756
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CREDIT
dc.subjectACCESS TO FINANCE
dc.subjectACCESS TO FINANCIAL SERVICES
dc.subjectACCESS TO MORTGAGE
dc.subjectACCOUNTING
dc.subjectASSET-LIABILITY MISMATCH
dc.subjectBALANCE SHEET
dc.subjectBANK ACCOUNT
dc.subjectBANK COMPETITION
dc.subjectBANK OPERATIONS
dc.subjectBANK POLICY
dc.subjectBANKING CRISES
dc.subjectBANKING CRISIS
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCY
dc.subjectBANKRUPTCY LAW
dc.subjectBOND FINANCING
dc.subjectBOND MARKET
dc.subjectBOND MARKET CAPITALIZATION
dc.subjectBOND MARKETS
dc.subjectBORROWER
dc.subjectBORROWING
dc.subjectBUSINESS ENVIRONMENT
dc.subjectBUSINESS LOAN
dc.subjectCAPITAL ALLOCATION
dc.subjectCAPITAL GAIN
dc.subjectCAPITAL GAINS
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKET DEVELOPMENT
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMPETITIVE MARKET
dc.subjectCONSUMER LOANS
dc.subjectCONTRACT DESIGN
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCORPORATE FINANCE
dc.subjectCREDIT EXPANSION
dc.subjectCREDIT INCREASES
dc.subjectCREDIT INFORMATION
dc.subjectCREDIT MARKET
dc.subjectCREDIT REGISTRIES
dc.subjectCREDITOR
dc.subjectCREDITOR RIGHTS
dc.subjectDEBT
dc.subjectDEBT DATA
dc.subjectDEBT OUTSTANDING
dc.subjectDEBT RECOVERY
dc.subjectDELIVERY COST
dc.subjectDEMOGRAPHIC
dc.subjectDEMOGRAPHIC CHARACTERISTICS
dc.subjectDEMOGRAPHIC FACTORS
dc.subjectDEPOSIT
dc.subjectDEPOSITS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDUMMY VARIABLES
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectEMERGING MARKETS
dc.subjectFINANCE ACCESS
dc.subjectFINANCE PRODUCTS
dc.subjectFINANCIAL CONTRACTS
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL DEPTH
dc.subjectFINANCIAL DEREGULATION
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL OUTREACH
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL SERVICE
dc.subjectFINANCIAL STRUCTURE
dc.subjectFINANCIAL STUDIES
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEM DEVELOPMENT
dc.subjectFINANCIAL SYSTEMS
dc.subjectFOREIGN BANK
dc.subjectFOREIGN BANKS
dc.subjectFUNDING SOURCE
dc.subjectFUNDING SOURCES
dc.subjectGLOBAL CAPITAL
dc.subjectGLOBAL CAPITAL MARKETS
dc.subjectGLOBAL FINANCIAL STABILITY
dc.subjectGOVERNMENT GUARANTEES
dc.subjectGOVERNMENT INVOLVEMENT
dc.subjectGOVERNMENT OWNERSHIP
dc.subjectGOVERNMENT POLICIES
dc.subjectGOVERNMENT POLICY
dc.subjectGOVERNMENT SUBSIDIES
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHOME BUYERS
dc.subjectHOME LOAN
dc.subjectHOME LOANS
dc.subjectHOME PURCHASES
dc.subjectHOST ECONOMY
dc.subjectHOUSEHOLD DEBT
dc.subjectHOUSEHOLD WELFARE
dc.subjectHOUSEHOLDS
dc.subjectHOUSING FINANCE
dc.subjectHOUSING LOAN
dc.subjectHOUSING LOANS
dc.subjectINCOME
dc.subjectINCOME GROUP
dc.subjectINCOME GROUPS
dc.subjectINCOME LEVEL
dc.subjectINCOME LEVELS
dc.subjectINFLATION
dc.subjectINFLATION VOLATILITY
dc.subjectINFORMAL PROVIDERS
dc.subjectINFORMATION ASYMMETRIES
dc.subjectINFORMATION SHARING
dc.subjectINPUT PRICES
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINSURANCE
dc.subjectINSURANCE ACTIVITIES
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE COMPANY
dc.subjectINSURANCE PENETRATION
dc.subjectINSURANCE PREMIUMS
dc.subjectINTEREST PAYMENTS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL SETTLEMENTS
dc.subjectLACK OF COMPETITION
dc.subjectLEGAL REFORM
dc.subjectLEGAL RIGHTS
dc.subjectLEGAL SYSTEMS
dc.subjectLENDERS
dc.subjectLIABILITY
dc.subjectLIEN
dc.subjectLIFE INSURANCE
dc.subjectLIQUID MARKETS
dc.subjectLOAN REPAYMENT
dc.subjectLOCAL CURRENCY
dc.subjectLONG-TERM ASSETS
dc.subjectLONG-TERM FINANCE
dc.subjectLONG-TERM FUNDING
dc.subjectLONG-TERM MORTGAGE
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKET DESIGN
dc.subjectMARKET DEVELOPMENT
dc.subjectMARKET SIZE
dc.subjectMARKET STRUCTURE
dc.subjectMARKET TURNOVER
dc.subjectMATURITY
dc.subjectMATURITY STRUCTURE
dc.subjectMATURITY TRANSFORMATION
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectMONETARY INSTABILITY
dc.subjectMONETARY POLICY
dc.subjectMONETARY STABILITY
dc.subjectMONOPOLY
dc.subjectMORTGAGE
dc.subjectMORTGAGE BOND
dc.subjectMORTGAGE BONDS
dc.subjectMORTGAGE CREDIT
dc.subjectMORTGAGE DEBT
dc.subjectMORTGAGE FINANCE
dc.subjectMORTGAGE FINANCING
dc.subjectMORTGAGE INTEREST
dc.subjectMORTGAGE LENDING
dc.subjectMORTGAGE LOAN
dc.subjectMORTGAGE LOANS
dc.subjectMORTGAGE MARKET
dc.subjectMORTGAGE MARKETS
dc.subjectMORTGAGE PORTFOLIOS
dc.subjectMORTGAGES
dc.subjectOUTSTANDING AMOUNT
dc.subjectOUTSTANDING LOAN
dc.subjectPENSION
dc.subjectPENSION FUND
dc.subjectPOLITICAL ECONOMY
dc.subjectPORTFOLIOS
dc.subjectPRICE STABILITY
dc.subjectPRIVATE BOND
dc.subjectPRIVATE CREDIT
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC POLICY
dc.subjectREAL ESTATE
dc.subjectREAL ESTATE INVESTMENTS
dc.subjectREGULATORY FRAMEWORKS
dc.subjectREGULATORY POLICIES
dc.subjectREGULATORY RESTRICTIONS
dc.subjectRETAIL FUNDING
dc.subjectRETURN
dc.subjectRISK MANAGEMENT
dc.subjectSAVINGS
dc.subjectSAVINGS ACCOUNT
dc.subjectSAVINGS ACCOUNTS
dc.subjectSECURITIES
dc.subjectSHORT-TERM LIABILITIES
dc.subjectSTAMP DUTIES
dc.subjectSTOCK MARKET
dc.subjectSTOCK MARKET CAPITALIZATION
dc.subjectSTOCK MARKETS
dc.subjectTAX
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTRANSITION COUNTRY
dc.subjectTRANSITION ECONOMIES
dc.subjectURBANIZATION
dc.subjectWHOLESALE FUNDING
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.subjectYIELD CURVE
dc.titleHousing Finance Across Countries : New Data and Analysisen
dspace.entity.typePublication
okr.crossref.titleHousing Finance across Countries: New Data and Analysis
okr.date.disclosure2014-01-01
okr.date.doiregistration2025-04-10T11:40:36.862566Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2014/01/18841042/housing-finance-across-countries-new-data-analysis
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid697351468165251669
okr.identifier.doi10.1596/1813-9450-6756
okr.identifier.externaldocumentum000158349_20140123155249
okr.identifier.internaldocumentum18841042
okr.identifier.reportWPS6756
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/01/23/000158349_20140123155249/Rendered/PDF/WPS6756.pdfen
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicBanks and Banking Reform
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Housing Finance
okr.topicFinance and Financial Sector Development::Debt Markets
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublication4694cd5a-bd90-594b-abe2-f5b681139e6d
relation.isAuthorOfPublication.latestForDiscovery4694cd5a-bd90-594b-abe2-f5b681139e6d
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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