Download or read book Stabilizing China s Housing Market written by Richard Koss and published by International Monetary Fund. This book was released on 2018-04-13 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sharp rise of house prices in China’s Tier-1 cities has fostered a great deal of commentary about the possibility of bubbles forming there. However, China’s unique housing market characteristics make it difficult to assess the macroeconomic severity of bursting bubbles, even if they exist. These include the setting of land supply and prices by the government, among many others. The presence of overbuilt “ghost cities” greatly complicates the ability of traditional macroeconomic policies to address these concerns. This paper looks at proposals to shore up the mortgage underwriting and legal infrastructure to help China withstand the impact of falling prices, should this occur.

Download or read book NBER Macroeconomics Annual 2015 written by Martin Eichenbaum and published by University of Chicago Press. This book was released on 2016-06-22 with total page 517 pages. Available in PDF, EPUB and Kindle. Book excerpt: This year, the NBER Macroeconomics Annual celebrates its thirtieth volume. The first two papers examine China’s macroeconomic development. “Trends and Cycles in China's Macroeconomy” by Chun Chang, Kaiji Chen, Daniel F. Waggoner, and Tao Zha outlines the key characteristics of growth and business cycles in China. “Demystifying the Chinese Housing Boom” by Hanming Fang, Quanlin Gu, Wei Xiong, and Li-An Zhou constructs a new house price index, showing that Chinese house prices have grown by ten percent per year over the past decade. The third paper, “External and Public Debt Crises” by Cristina Arellano, Andrew Atkeson, and Mark Wright, asks why there appear to be large differences across countries and subnational jurisdictions in the effect of rising public debts on economic outcomes. The fourth, “Networks and the Macroeconomy: An Empirical Exploration” by Daron Acemoglu, Ufuk Akcigit, and William Kerr, explains how the network structure of the US economy propagates the effect of gross output productivity shocks across upstream and downstream sectors. The fifth and sixth papers investigate the usefulness of surveys of household’s beliefs for understanding economic phenomena. “Expectations and Investment,” by Nicola Gennaioli, Yueran Ma, and Andrei Shleifer, demonstrates that a chief financial officer's expectations of a firm's future earnings growth is related to both the planned and actual future investment of that firm. “Declining Desire to Work and Downward Trends in Unemployment and Participation” by Regis Barnichon and Andrew Figura shows that an increasing number of prime-age Americans who are not in the labor force report no desire to work and that this decline accelerated during the second half of the 1990s.

Download or read book Urban Poverty Housing and Social Change in China written by Ya Ping Wang and published by Routledge. This book was released on 2004-10-21 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic reform in China has resulted in a widening gap between the rich and the poor, and urban poverty has emerged as a key factor which may affect future development. This new book examines the poverty problem in relation to housing and social changes in large inland cities, and assesses the effectiveness of recent government anti-poverty policies. The book also puts the Chinese experience in the wider context of transitional economies and discusses the similarities and differences between China and Central and Eastern European countries. The book is based on a long period of research on Chinese urban development, and benefited from several research projects conducted in Chinese cities. It is an important reference for all of those interested in housing, urban studies and social change, and is a key text for students of the Chinese economy and society.

Download or read book The Routledge Handbook of Chinese Studies written by Chris Shei and published by Routledge. This book was released on 2021-05-30 with total page 683 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook approaches Chinese Studies from an interdisciplinary perspective while attempting to establish a fundamental set of core values and tenets for the subject, in relation to the further development of Chinese Studies as an academic discipline. It aims to consolidate the current findings in Chinese Studies, extract the essence from each affiliated discipline, formulate a concrete set of ideas to represent the ‘Chineseness’ of the subject, establish a clear identity for the discipline and provide clear guidelines for further research and practice. Topics included in this Handbook cover a wide spectrum of traditional and newly added concerns in Chinese Studies, ranging from the Chinese political system and domestic governance to international relations, Chinese culture, literature and history, Chinese sociology (gender, middle class, nationalism, home ownership, dating) and Chinese opposition and activism. The Handbook also looks at widening the scope of Chinese Studies (Chinese psychology, postcolonialism and China, Chinese science and climate change), and some illustrations of innovative Chinese Studies research methods. The Routledge Handbook of Chinese Studies is an essential reference for researchers and scholars in Chinese Studies, as well as students in the discipline.

Download or read book Understanding China s Real Estate Markets written by Bing Wang and published by Springer Nature. This book was released on 2021-01-05 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s economy has been transforming rapidly over the last 25 years. As a result, Chinese conurbations have changed remarkably, with cities expanding both vertically and horizontally, and the physical environment acting as a medium for unprecedented urbanization. This has provided vast opportunities for investors, real estate developers, and service companies, but also presents huge challenges—as traditional city spaces have been reconfigured, environmental risks and the volatility of real estate markets increased. However, as engagement with China is becoming strategically important for many, forming a synthesized lens through which to read China across the vicissitudes of its real estate sector bears historic significance. By offering an insightful framework and structure for understanding China’s variegated real estate dynamics, players, and markets, Understanding China’s Real Estate Markets codifies the principles and practices of real estate development, finance, and investment in China and builds foundations for future academic research and practical knowledge in shaping and engaging the urban environment within China and beyond.

Download or read book Housing Market Dynamics in Africa written by El-hadj M. Bah and published by Springer. This book was released on 2018-03-12 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book utilizes new data to thoroughly analyze the main factors currently shaping the African housing market. Some of these factors include the supply and demand for housing finance, land tenure security issues, construction cost conundrum, infrastructure provision, and low-cost housing alternatives. Through detailed analysis, the authors investigate the political economy surrounding the continent’s housing market and the constraints that behind-the-scenes policy makers need to address in their attempts to provide affordable housing for the majority in need. With Africa’s urban population growing rapidly, this study highlights how broad demographic shifts and rapid urbanization are placing enormous pressure on the limited infrastructure in many cities and stretching the economic and social fabric of municipalities to their breaking point. But beyond providing a snapshot of the present conditions of the African housing market, the book offers recommendations and actionable measures for policy makers and other stakeholders on how best to provide affordable housing and alleviate Africa’s housing deficit. This work will be of particular interest to practitioners, non-governmental organizations, private sector actors, students and researchers of economic policy, international development, and urban development.

Download or read book Assessing China s Residential Real Estate Market written by Ding Ding and published by International Monetary Fund. This book was released on 2017-11-16 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s real estate market rebounded sharply after a temporary slowdown in 2014-2015. This paper uses city-level data to estimate the range of house price overvaluation across city-tiers and assesses the main risks of a sharp housing market slowdown. If house prices rise further beyond “fundamental” levels and the bubble expands to smaller cities, it would increase the likelihood and costs of a sharp correction, which would weaken growth, undermine financial stability, reduce local government spending room, and spur capital outflows. Empirical analysis suggests that the increasing intensity of macroprudential policies tailored to local conditions is appropriate. The government should expand its toolkit to include additional macroprudential measures and push forward reforms to address the fundamental imbalances in the residential housing market.

Download or read book Urban Inequality and Segregation in Europe and China written by Gwilym Pryce and published by Springer Nature. This book was released on 2021-11-16 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book explores new research directions in social inequality and urban segregation. With the goal of fostering an ongoing dialogue between scholars in Europe and China, it brings together an impressive team of international researchers to shed light on the entwined processes of inequality and segregation, and the implications for urban development. Through a rich collection of empirical studies at the city, regional and national levels, the book explores the impact of migration on cities, the related problems of social and spatial segregation, and the ramifications for policy reform. While the literature on both segregation and inequality has traditionally been dominated by European and North American studies, there is growing interest in these issues in the Chinese context. Economic liberalization, rapid industrial restructuring, the enormous growth of cities, and internal migration, have all reshaped the country profoundly. What have we learned from the European and North American experience of segregation and inequality, and what insights can be gleaned to inform the bourgeoning interest in these issues in the Chinese context? How is China different, both in terms of the nature and the consequences of segregation inequality, and what are the implications for future research and policy? Given the continued rise of China’s significance in the world, and its recent declaration of war on poverty, this book offers a timely contribution to scholarship, identifying the core insights to be learned from existing research, and providing important guidance on future directions for policy makers and researchers.

Download or read book Housing Finance Policy in Emerging Markets written by Loic Chiquier and published by World Bank Publications. This book was released on 2009 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt: Housing finance markets have been changing dramatically in both emerging and developed economies. On the one hand, housing finance markets are expanding and represent a powerful engine for economic growth in many emerging economies. However, the unfolding sub-prime mortgage crisis highlights the risks and potential turbulence that this sector can introduce into the financial system when expanding without proper infrastructure and regulation. As housing finance keeps growing in emerging economies to match a rising demand for housing, new risk management approaches, business models, funding tools, and policy instruments can help. Yet many questions remain about the right balance between innovation and regulation, the extent of risks to the financial system, the appropriate role of the state to promote affordable housing, and the effects of the sub-prime crisis. This book provides a guide for policymakers dealing with housing finance in emerging markets. It highlights the prerequisites for an effective housing finance system; it lays out several policy alternatives and models of housing finance; and it explores the role of governments in expanding access to housing finance for lower-income households. There is no "best" model set out in this book. The aim is to provide a developmental roadmap that can be tailored and sequenced to each country's situation and timing.

Download or read book Financing Urban Shelter written by United Nations Human Settlements Programme and published by UN-HABITAT. This book was released on 2005 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financing Urban Shelter presents the first global assessment of housing finance systems, placing shelter and urban development challenges within the overall context of macroeconomic policies and the Millennium Development Goals target on slums - "a significant improvement in the lives of at least 100 million slum dwellers by 2020". The report describes and analyses housing finance conditions and trends in all regions of the world, including formal housing finance mechanisms, microfinance and community funding, highlighting their relevance to the upgrading of slums. Recent shelter finance policy development is discussed at the international and national levels, and directions that could be taken to strengthen shelter finance systems ere examined.

Download or read book Financing Urban Shelter written by Un-Habitat and published by Routledge. This book was released on 2013-06-17 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Achieving the goals set by world leaders in the United Nations Millennium Declaration will be difficult without a significant improvement in the lives of slum dwellers, and the lives of slum dwellers cannot be improved without the sound and sustainable economic development that is conducive to the establishment of a strong shelter sector. As Financing Urban Shelter: Global Report on Human Settlements 2005 emphasizes, one of the key challenges in meeting the Millennium Declaration Goal on slums is mobilization of the financial resources necessary for both slum upgrading and slum prevention by supplying new housing affordable to lower income groups on a large scale. . . . It is my hope that, by highlighting the impacts of current shelter financing systems on low-income households and by identifying the types of financing mechanisms that appear to have worked for them, this report will contribute to the efforts of the wide range of actors involved in improving the lives of slum dwellers, including governments at the central and local levels, as well as non-governmental and international organizations.' From the Foreword by KOFI ANNAN, Secretary-General, United Nations Financing Urban Shelter presents the first global assessment of housing finance systems, placing shelter and urban development challenges within the overall context of macroeconomic policies. The report describes and analyses housing finance conditions and trends in all regions of the world, including formal housing finance mechanisms, microfinance and community funding, highlighting their relevance to the upgrading of slums. Recent shelter finance policy development is discussed at the international and national levels, and the directions that could be taken to strengthen shelter finance systems are examined. The Global Report on Human Settlements is the most authoritative and up-to-date assessment of conditions and trends in the world's cities. It is an essential tool and reference for researchers, academics, public authorities and civil society organizations around the world. The preceding issues of the Global Report on Human Settlements have addressed such topics as An Urbanizing World, Cities in a Globalizing World and The Challenge of Slums. Published with UN-HABITAT

Download or read book Creating Mixed Communities through Housing Policies written by Anna Maria Santiago and published by Taylor & Francis. This book was released on 2024-02-08 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on socially mixed (e.g. by income, tenure, ethnicity or any other characteristic) communities developed through housing renewal and critically examines the policies and practices in view of the growing urban inequality. The volume expands the discussion to the second phase of social mix – “social mix version 2.0” and offers constructive reflections on how social mix can “be better conceived and delivered, with fewer negative side effects” . The chapters in this book cover diverse national contexts and policy backgrounds, and represent the perspectives of many key stakeholders, including national and local governments, services and NGOs, developers and, most importantly, residents. Chapters present diverse case studies from Europe, the Middle East, Africa, India, Australia, and the United States and discuss projects that range in scale from small housing initiatives to neighborhoods and to whole districts. They focus on diverse experiences of social mix: between university students and young professionals and low-income social housing tenants, between older, low-income residents and younger, middle-class residents, between diverse ethnic and social class groups sharing a neighborhood, and between private and public housing residents. Chapters also vary on the tools used to create social mix, from local non-for-profit initiatives, a national policy intervention, and urban policies that aim to enhance social mix. Lastly, the book shows the range of analytical tools researchers have used to understand the diverse appearances of social mix, its underlying goals, and its consequent outcomes. These include comparative analyses of social mix in diverse national and political settings, including the Global East, an evaluation of social mix from the perspective of social justice, a historical analysis of the development of an urban district, and a design analysis of urban renewal projects. The chapters in this book were originally published as a special issue of Journal of Urban Affairs.

Download or read book The Chinese Dream written by Neville Mars and published by 010 Publishers. This book was released on 2008 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Chinese Dream is a visual tour de force, both encyclopedic in scope and holistic in approach. Cutting across all levels of scale - from individual to nation - and backed by a truly multi-disciplinary team (encompassing architecture & urban planning, politics, economics, arts & culture, environmental concerns, and sociology) the book synthesizes a vast body of research to tackle the big contemporary questions, and to unpack the paradoxes at the heart of Chinas struggle for change. Bold texts, self-critical design proposals, and thousands of graphics reveal China in all its raucous diversity. This is space as you have never seen it before: brash, outlandish, and very Chinese." .- Prové de leditor.

Download or read book Financing Urban Shelter written by and published by UN-HABITAT. This book was released on 2005 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Housing Boom and Bust written by Thomas Sowell and published by Basic Books (AZ). This book was released on 2009-05-12 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing of home mortgages and "creative" marketing of financial securities based on these mortgages to countries around the world, are part of the story of how a financial house of cards was built up--and then collapsed.

Download or read book Housing Affordability and Housing Policy in Urban China written by Zan Yang and published by Springer Science & Business Media. This book was released on 2014-01-25 with total page 141 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive analysis of housing affordability under the economic reforms and social transformations in urban China. It also offers an overall review of the current government measures on the housing market and affordable housing policies in China. By introducing a dynamic affordability approach and residual income approach, the book allows us to capture the size of the affordability gap more accurately, to better identify policy targets, and to assess the effectiveness of current public policy. The unique database on urban household surveys and regional information on affordable housing projects serve to strengthen the analysis. The book offers theoretical and empirical insights for in-depth affordability studies and helps readers to understand the social impacts of market reforms and the role of government on the Chinese housing market.

Download or read book China s Emerging Cities written by Fulong Wu and published by Routledge. This book was released on 2007-11-13 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: With urbanism becoming the key driver of socio-economic change in China, this book provides much needed up-to-date material on Chinese urban development. Demonstrating how it transcends the centrally-planned model of economic growth, and assessing the extent to which it has gone beyond the common wisdom of Chinese ‘gradualism’, the book covers a wide range of important topics, including: local land development the local state private-public partnership foreign investment urbanization ageing home ownership. Providing a clear appraisal of recent trends in Chinese urbanism, this book puts forward important new conceptual resources to fill the gap between the outdated model of the ‘Third World’ city and the globalizing cities of the West.