Format:
Online-Ressource (15 p)
Edition:
Online-Ausg.
ISBN:
1455200638
,
9781455200634
Series Statement:
IMF Working Papers Working Paper No. 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
Additional Edition:
Erscheint auch als Druck-Ausgabe Stepanyan, Vahram House Price Determinants in Selected Countries of the Former Soviet Union Washington, D.C. : International Monetary Fund, 2010 ISBN 9781455200634
Language:
English
DOI:
10.5089/9781455200634.001
