000 05348nam a22004695i 4500
001 978-3-540-77857-8
003 DE-He213
005 20140220083740.0
007 cr nn 008mamaa
008 110120s2011 gw | s |||| 0|eng d
020 _a9783540778578
_9978-3-540-77857-8
024 7 _a10.1007/978-3-540-77857-8
_2doi
050 4 _aHD72-88
072 7 _aKCM
_2bicssc
072 7 _aBUS092000
_2bisacsh
082 0 4 _a338.9
_223
100 1 _aKöhn, Doris.
_eeditor.
245 1 0 _aHousing Finance in Emerging Markets
_h[electronic resource] :
_bConnecting Low-Income Groups to Markets /
_cedited by Doris Köhn, J. D. Pischke.
264 1 _aBerlin, Heidelberg :
_bSpringer Berlin Heidelberg,
_c2011.
300 _aX, 244p.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _aIntroduction: The Challenges of Housing Finance -- Housing Finance and Financial Inclusion -- Government Policies and Their Implications for Housing Finance -- Regulation and Access to Finance -- Institutions and the Promotion of Housing Finance -- Wholesale Funding Instruments -- Primary Mortgage Market Development in Emerging Markets - Is the Central and Eastern Europe Experience Replicable in Sub-Saharan Africa? -- Housing Finance from Post-conflict Intervention to Market Development in the Balkans -- Approaches and Policies at KfW Entwicklungsbank.
520 _aThe growth of urban areas and population in middle and low income countries is a continuing trend. Urbanization expands as rural to urban migration offers better income opportunities in cities. This trend is both a source of development opportunities and challenges for the housing sector. On the one hand, housing is a large and growing market, and on the other, massive slums confirm the poor housing conditions in many developing countries. These adverse conditions mirror inadequate housing policies, inefficient or absent property registration, as well as limits to access to housing finance. Provision of affordable housing is therefore an important topic in the fight against poverty. This book focuses on solutions that improve the enabling environment for the poor in accessing housing finance. It explores how to develop and integrate housing finance into a sustainable financial system for developing countries and offers ways in which low-income families can obtain better access to housing finance. This book provides a conceptual framework for housing finance development and addresses practical solutions in the provision of housing finance and compares different approaches. The global financial crisis which originated in the US sub-prime housing market has not altered the underlying reality of global housing finance: the majority of people in developing countries still do not have access to formal housing finance. Nor has it answered the biggest question: how can they be served in a sustainable way? Connecting this unserved group to appropriate housing finance products through robust financial systems must remain a top policy priority if these nations are to enjoy long term, broad-based economic growth. It is also a great opportunity for new and existing housing finance providers. DAVID PORTEOUS, Director, Bankable Frontier Associates Where property in the form of private homes is secure, people can focus on work rather than protecting their property. One of the major effects of the property rights reform driven by Hernando de Soto in Peru put more children into school. Why? Adults spent less time safeguarding their property and could search for and find better jobs. This enabled them to send their children to school. Houses are also important for those who start up businesses. The most practical source of finance beyond help from family and friends tends to be a mortgage on property. For a mortgage market to develop, banks have to be able to foreclose on property of those who cannot pay back. The obvious attractions of housing policy as a plank of social policy can also lead to policies that backfire, as the recent example of the United States shows. Housing finance is a major component of the fight against poverty. For property to yield all its benefits, institutional reforms are required – chief among them secure property rights for owners and enforceable creditor rights for financiers. Sensible regulations for zoning and construction also help. However, political pressure on banks to ignore the credit risk of home ownership or to cease foreclosures when things go wrong risks undermining sustainable housing finance. MICHAEL KLEIN, Consultant, Former Chief Economist International Finance Corporation (IFC)
650 0 _aEconomics.
650 0 _aDevelopment Economics.
650 0 _aFinance.
650 0 _aBanks and banking.
650 1 4 _aEconomics/Management Science.
650 2 4 _aDevelopment Economics.
650 2 4 _aFinance /Banking.
650 2 4 _aFinancial Economics.
700 1 _aPischke, J. D.
_eeditor.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783540778561
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-540-77857-8
912 _aZDB-2-SBE
999 _c106655
_d106655