House Price Synchronicity Banking Integration And Global Financial Conditions


House Price Synchronicity Banking Integration And Global Financial Conditions
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House Price Synchronicity Banking Integration And Global Financial Conditions


House Price Synchronicity Banking Integration And Global Financial Conditions
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Author : Adrian Alter
language : en
Publisher: International Monetary Fund
Release Date : 2018-11-28

House Price Synchronicity Banking Integration And Global Financial Conditions written by Adrian Alter and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-11-28 with Business & Economics categories.


We examine the relationship between house price synchronicity and global financial conditions across 40 countries and about 70 cities over the past three decades. The role played by cross-border banking flows in residential property markets is examined as well. Looser global financial conditions are associated with greater house price synchronicity, even after controlling for bilateral financial integration. Moreover, we find that synchronicity across major cities may differ from that of their respective countries’, perhaps due to the influence of global investors on local house price dynamics. Policy choices such as macroprudential tools and exchange rate flexibility appear to be relevant for mitigating the sensitivity of domestic housing markets to the rest of the world.



House Price Synchronicity Banking Integration And Global Financial Conditions


House Price Synchronicity Banking Integration And Global Financial Conditions
DOWNLOAD
FREE 30 Days

Author : Adrian Alter
language : en
Publisher: International Monetary Fund
Release Date : 2018-11-28

House Price Synchronicity Banking Integration And Global Financial Conditions written by Adrian Alter and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-11-28 with Business & Economics categories.


We examine the relationship between house price synchronicity and global financial conditions across 40 countries and about 70 cities over the past three decades. The role played by cross-border banking flows in residential property markets is examined as well. Looser global financial conditions are associated with greater house price synchronicity, even after controlling for bilateral financial integration. Moreover, we find that synchronicity across major cities may differ from that of their respective countries’, perhaps due to the influence of global investors on local house price dynamics. Policy choices such as macroprudential tools and exchange rate flexibility appear to be relevant for mitigating the sensitivity of domestic housing markets to the rest of the world.



The Handbook Of Global Shadow Banking Volume I


The Handbook Of Global Shadow Banking Volume I
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Author : Luc Nijs
language : en
Publisher: Springer Nature
Release Date : 2020-06-30

The Handbook Of Global Shadow Banking Volume I written by Luc Nijs and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-06-30 with Business & Economics categories.


This global handbook provides an up-to-date and comprehensive overview of shadow banking, or market-based finance as it has been recently coined. Engaging in financial intermediary services outside of normal regulatory parameters, the shadow banking sector was arguably a critical factor in causing the 2007-2009 financial crisis. This volume focuses specifically on shadow banking activities, risk, policy and regulatory issues. It evaluates the nexus between policy design and regulatory output around the world, paying attention to the concept of risk in all its dimensions—the legal, financial, market, economic and monetary perspectives. Particular attention is given to spillover risk, contagion risk and systemic risk and their positioning and relevance in shadow banking activities. Newly introduced and incoming policies are evaluated in detail, as well as how risk is managed, observed and assessed, and how new regulation can potentially create new sources of risk. Volume I concludes with analysis of what will and still needs to happen in the event of another crisis. Proposing innovative suggestions for improvement, including a novel Pigovian tax to tame financial and systemic risks, this handbook is a must-read for professionals and policy-makers within the banking sector, as well as those researching economics and finance.



The Secret Wealth Advantage


The Secret Wealth Advantage
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Author : Akhil Patel
language : en
Publisher: Harriman House Limited
Release Date : 2023-07-11

The Secret Wealth Advantage written by Akhil Patel and has been published by Harriman House Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-07-11 with Business & Economics categories.


During your life you will make many important financial decisions. Their success will be significantly affected by the state of the economy and financial markets when you make them. Imagine if you had a guide to the future to help you anticipate periods of boom and bust and make decisions accordingly: when to invest and take risk, and when to sell or take measures to preserve your wealth. The Secret Wealth Advantage is that guide. To make better investment decisions at the right times, you need to understand the 18-year cycle. It is responsible for all of the periods of wild speculation and spectacular collapse that have been a feature of the modern economy for well over 200 years. At the heart of this cycle is the property market. Understand this and you will be able to forecast precisely what will happen next. Using a treasure trove of historical data and entertaining stories from the present and prior periods, The Secret Wealth Advantage reveals everything you need to know about the cycle: where we are within it, why it happens, why no one sees it and what you need to look out for. And, most importantly, The Secret Wealth Advantage provides you with a practical guide for what to do at each stage of the cycle. Put this into action and a world that appears complex and chaotic can be mastered. You will have an investment edge that seasoned professionals can only dream of.



Global Financial Stability Report April 2018


Global Financial Stability Report April 2018
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Author : International Monetary Fund. Monetary and Capital Markets Department
language : en
Publisher: International Monetary Fund
Release Date : 2018-04-18

Global Financial Stability Report April 2018 written by International Monetary Fund. Monetary and Capital Markets Department and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-04-18 with Business & Economics categories.


The April 2018 Global Financial Stability Report (GFSR) finds that short-term risks to financial stability have increased somewhat since the previous GFSR. Medium-term risks are still elevated as financial vulnerabilities, which have built up during the years of accommodative policies, could mean a bumpy road ahead and put growth at risk. This GFSR also examines the short- and medium-term implications for downside risks to growth and financial stability of the riskiness of corporate credit allocation. It documents the cyclical nature of the riskiness of corporate credit allocation at the global and country levels and its sensitivity to financial conditions, lending standards, and policy and institutional settings. Another chapter analyzes whether and how house prices move in tandem across countries and major cities around the world—that is, global house price synchronicity.



Global Political Economy


Global Political Economy
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Author : John Ravenhill
language : en
Publisher: Oxford University Press, USA
Release Date : 2020-04

Global Political Economy written by John Ravenhill and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-04 with Business & Economics categories.


An expert team of international authors present a diverse and comprehensive selection of theories and issues, carefully brought together by experienced editor John Ravenhill. Crucially, debates are presented through a critical lens to encourage students to unpack claims, form independent views, and challenge assumptions. This text is the only introduction to global political economy that lets students learn from the very top scholars in the field.Now in its sixth edition, this highly successful textbook has been thoroughly updated with contemporary real word examples, including the impact of the Trump administration, Brexit, and economic nationalism. Furthermore, new analysis has been added on the international political economy of work, labour, and energy. This ensures that Global Political Economy is the most up-to-date and relevant textbook on the subject available.KEY FEATURESA stimulating yet accessible guide to political economy which helps students understand complex issues such as global trade and global finance as well as pertinent topics including development, equality and the environmentPacked with contemporary case studies to help students apply economic theory to the real worldDebates are critically presented and situated in their historical context, enabling students to form their own views and argumentsIncludes carefully developed pedagogical features, such as rigorous end of chapter questions which help students reflect on their learning, test their knowledge, and form their own views.This title is available as an eBook. Please contact your Learning Resource Consultant for more information.



International Financial Integration Through The Law Of One Price


International Financial Integration Through The Law Of One Price
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Author : Eduardo Levy Yeyati
language : en
Publisher: World Bank Publications
Release Date : 2006

International Financial Integration Through The Law Of One Price written by Eduardo Levy Yeyati and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Integracion financiera categories.


"The authors argue that the cross-market premium (the ratio between the domestic and the international market price of cross-listed stocks) provides a valuable measure of international financial integration, reflecting accurately the factors that segment markets and inhibit price arbitrage. Applying to equity markets recent methodological developments in the purchasing power parity literature, they show that nonlinear Threshold Autoregressive (TAR) models properly capture the behavior of the cross market premium. The estimates reveal the presence of narrow non-arbitrage bands and indicate that price differences outside these bands are rapidly arbitraged away, much faster than what has been documented for good markets. Moreover, the authors find that financial integration increases with market liquidity. Capital controls, when binding, contribute to segment financial markets by widening the non-arbitrage bands and making price disparities more persistent. Crisis episodes are associated with higher volatility, rather than by more persistent deviations from the law of one price. "--World Bank web site.



Exchange Rate Stability In International Finance


Exchange Rate Stability In International Finance
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Author : United States. Congress. House. Committee on Banking and Financial Services
language : en
Publisher:
Release Date : 1999

Exchange Rate Stability In International Finance written by United States. Congress. House. Committee on Banking and Financial Services and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.




International Financial Architecture


International Financial Architecture
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Author : United States. Congress. House. Committee on Banking and Financial Services
language : en
Publisher:
Release Date : 2000

International Financial Architecture written by United States. Congress. House. Committee on Banking and Financial Services and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business & Economics categories.




When Housing Markets Meet Shadow Banking Bubbles Mortgages Securitization And Fintech


When Housing Markets Meet Shadow Banking Bubbles Mortgages Securitization And Fintech
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Author : Rose Neng Lai
language : en
Publisher: World Scientific
Release Date : 2024-03-06

When Housing Markets Meet Shadow Banking Bubbles Mortgages Securitization And Fintech written by Rose Neng Lai and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-03-06 with Business & Economics categories.


This book contends that the housing markets and shadow banking have been involved in a kind of 'dance' over the last two decades. It traces this dance to be between the roles of mortgage markets since the 1980s in both the US and China and the developments of securitization and 'shadow banks.' It gives side-by-side comparisons between the two and suggests that house price dynamics have been similar, but also quite different. Both had booms. The US had a bubble that burst around 2007 — after prices became quite high relative to rents and then crashed. However, Chinese housing markets, which had a similar run-up, did not have a burst bubble. Rather, the rising property values appear to have been from space becoming more valuable as reflected in rent growth. In the US, prices chased prices; in China, prices chased rents.Mortgage markets were more complicated, beginning with the securitization in the US, and the rise of shadow banks that both led and followed. The US used shadow banks to hold pieces of securitization deals and funded them with deposit-like debt. These pieces were fragile and their collapse caused 'silent runs,' which were instrumental in the ensuing crash. China's shadow banks were more like traditional intermediaries, unattached to securitization. Their liabilities were mostly not short-term, as was the case with US shadow banks. So, runs were not a problem, but getting the market to work efficiently was.The markets have evolved. And while the music has changed, the dance is not over.