UID:
edoccha_9958120573102883
Format:
1 online resource (26 p.)
ISBN:
1-4623-3758-9
,
1-4527-3591-3
,
1-282-84592-6
,
9786612845925
,
1-4552-0063-8
Series Statement:
IMF working paper ; WP/10/104
Content:
This paper analyses the recent boom-bust cycle in the housing markets of selected Former Soviet Union (FSU) countries. The analysis is based on a newly constructed database on house prices in the FSU countries. Our estimations suggest that house price developments can largely be explained by the dynamics of fundamentals, such as GDP, remittances, and external financing. Overall, we find that deviations of house prices from their fundamentals have not been pronounced, suggesting that house price bubbles have not been formed in the FSU countries.
Note:
"April 2010."
,
At head of title: Middle East and Central Asia.
,
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Literature Overview; III. Data and Methodology; IV. Estimation Results; V. Conclusions and Policy Recommendations; Footnotes
Language:
English
