Housing Finance Systems - Market Failures and Government Failures

The term 'housing crisis' has recently been associated with rising foreclosure rates and tottering financial institutions, particularly in the US and Europe. However, in many emerging countries, the housing crisis is about urban poverty, unplanned settlements, overcrowded slums and homelessness.

List of contents

1. Background and Overview PART I: WHY HOUSING FINANCE SYSTEMS MATTER 2. Affordable Housing 3. Market Failures PART II: REVIEW OF HOUSING POLICY INSTRUMENTS 4. Taxes and Subsidies 5. Housing Market Regulation 6. Regulation of Housing Finance 7. Housing Institutions 8. Public Private Partnerships PART III: HOUSING BUBBLES, CRASHES AND POLICY 9. From Housing Cycles to Financial Crises 10. Policy Response to Housing Booms PART IV: GOVERNMENT FAILURES 11. Unintended Consequences of Housing Policy 12. Regulatory Failure and Regulatory Capture PART V: COMPLEXITY AND RISKS 13. Smart Practices for Housing Finance Systems

About the author

Sock-Yong Phang is Professor of Economics at the Singapore Management University and holds a visiting appointment at the University of Gothenburg, Sweden. She is also Senior Research Fellow at the Sim Kee Boon Institute for Financial Economics as well as a Commission Member of the Competition Commission of Singapore. She has spent most of her career studying and writing about housing and transportation economics.

Summary

The term 'housing crisis' has recently been associated with rising foreclosure rates and tottering financial institutions, particularly in the US and Europe. However, in many emerging countries, the housing crisis is about urban poverty, unplanned settlements, overcrowded slums and homelessness.

Product details

• Authors: S Phang, S. Phang, Sock-yong Phang
• Publisher: Palgrave UK
• Languages: English
• Product format: Paperback / Softback
• Released: 01.01.2013
• EAN: 9781349436774
• ISBN: 978-1-349-43677-4
• No. of pages: 233
• Subjects: Social sciences, law, business > Business > Individual industrial sectors, branches; B, macroeconomics, Economic history, Environmental Economics, International Economics, Macroeconomics and Monetary Economics, Macroeconomics/Monetary Economics//Financial Economics, urban economics, Monetary Economics, Management science, Development Economics, Development economics & emerging economies, Palgrave Economics & Finance Collection