Housing Finance Policy in Emerging Markets
This report documented the importance of housing in the economy while at the same time providing governments with guidelines on how best to design policy to create efficient housing markets. The purpose of this book is to provide fact-based informa...
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| Language: | English |
| Published: |
World Bank
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20090623013605 http://hdl.handle.net/10986/2641 |
| Summary: | This report documented the importance of
housing in the economy while at the same time providing
governments with guidelines on how best to design policy to
create efficient housing markets. The purpose of this book
is to provide fact-based information and guidance to policy
makers concerned with housing finance in emerging markets.
An overarching goal is to improve the understanding of the
importance of housing finance to the economy. This includes
covering the prerequisites for an effective housing finance
system together with the main characteristics of such a
system. The book continues by laying out some of the policy
alternatives and models of housing finance (products,
infrastructure, risk management, regulations, and funding).
In line with the priorities of many governments, the book is
focused on solutions; in particular the role of government
in contributing to the growth of housing finance and in
increasing access to housing finance for lower and informal
income households. The way taken to achieve these objectives
is of the essence: they cannot be achieved, at least in a
sustainable manner, by involving the creation of undue
additional risks for the financial sector or eventually
unbearable fiscal liabilities. |
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