Download or read book The 1985 94 global real estate cycle its causes and consequences written by Bertrand Renaud and published by World Bank Publications. This book was released on 1995 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book 1985 94 Global Real Estate Cycle written by and published by . This book was released on 1995 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The 1985 94 Global Real Estate Cycle written by Bertrand Renaud and published by . This book was released on 2016 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid emergence of a global financial system in the late 1980s was signaled in the real estate sector of most OECD countries and some middle-income NIE countries by unusually strong booms followed by exceptionally sharp, protracted real estate bursts. Can we draw any lessons by probing the unappealing triology of quot;bad luck, bad policy, and bad banking that has affected the sector?quot.
Download or read book The 1985 1994 Global Real Estate Cycle written by Bertrand Renaud and published by . This book was released on 1995 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Ownership and Financing of Infrasctructure written by Charles David Jacobson and published by World Bank Publications. This book was released on 1995 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Decentralization written by Andrew N. Parker and published by World Bank Publications. This book was released on 1995 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: June 1995 Although decentralization initiatives have a long history, much more needs to be understood about various components of decentralization before sound advice can be given to policymakers. Special strategies are needed to address the widespread incidence of rural poverty in developing countries, but initiatives aimed at improving the rural standard of living have not consistently reduced poverty. Parker examines the rationale for a specific rural focus in poverty reduction programs and reviews recent attempts to encourage rural development. He discusses the role decentralization could play in rural development programs and analyzes recent efforts to implement decentralized rural development programs. Parker concludes that although decentralization initiatives have a long history, much more needs to be understood about various components of decentralization before sound advice can be given to policymakers. He suggests a conceptual model--based on a soufflé theory of decentralization--that incorporates the essential elements of political, fiscal, and institutional decentralization as they relate to rural development outcomes. Like a soufflé that requires just the right combination of milk, eggs, and heat to rise, a successful program of decentralization must include just the right combination of political, fiscal, and institutional elements to improve rural development outcomes. This paper--a product of the Sector Policy and Water Resources Division, Agriculture and Natural Resources Department--is part of a larger effort in the department to develop a new strategy for rural development. The study was partly funded by the Bank's Research Support Budget under the research project Decentralization, Fiscal Systems, and Rural Development (RPO 679-68).
Download or read book A Global Perspective on Real Estate Cycles written by Stephen J. Brown and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: In March 1999, New York University Salomon Center in assocIatIOn with the Department of Finance at NYU Stern held a one-day conference on the impact of real estate cycles on the real estate industry both from a domestic as well as an international perspective. The conference featured the leading research on this topic in the United States, Europe and Asia. Currendy, the real estate industry is at a critical point. New development projects around the world are being put on hold given recent developments in the international capital markets. The industry is hard hit by the decline in real estate investment trust (REIT) share prices and a shrink ing pool of capital for real estate ventures. This has unfortunately coincided with serious financial problems of very large hedge funds and other institutional investors in the market for commercial mortgage backed securities. There is need for new insights into the implications of U. S. and global real estate cycles on real estate secu rities including REITs and mortgage-backed securities as well as direct real estate investment. This global orientation is important given the high mobility of capital into the real estate, the increasing integration of real estate markets, and the proposed expan sion of real estate investment trusts (REIT) into international real estate. The process of globalization has resulted in increased competition between cities for the attrac tion of investment.
Download or read book Pension reform and growth written by Giancarlo Corsetti and published by World Bank Publications. This book was released on 1995 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Post Trade Liberalization Policy and Institutional Challenges in Latin America and the Caribbean written by Sarath Rajapatirana and published by World Bank Publications. This book was released on 1999 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: May 1995 Argentina, Chile, Colombia, Jamaica, Trinidad and Tobago, and Uruguay undertook extensive trade reform at a time of crisis, at which time institutional reform was difficult to undertake. Many of the countries had become members of the General Agreement on Tariffs and Trade (GATT) in the late 1980s and anticipated institutional reform. Only later did they reform trade policymaking institutions to bring them somewhat in line with trade policy regimes and GATT rules. These countries have all used reference prices and antidumping provisions of GATT, rather than safeguards, to provide relief from import surges. They have all tried to centralize trade policy by moving it from different agencies into a single agency. Despite liberalization, some sectors -- including automobiles, textiles and agriculture -- remain protected. Lessons the author draws from experience in these coutries: 1) the deteriorating macroeconomic situations are the main challenge to maintaining open trade policy; 2) trade policymaking must be constantly reviewed to prevent reversals, and the costs of protection must be communicated to the public at large; 3) There must be short-run measures to help domestic activities adjust to short-run price movements and alleviate pressure for protection. The danger -- such measures (unrelated to long-run price trends) can become permanent. 4) external commitments (through WTO or customs unions) can be used to discourage a return to protection; 5) extending reform (to labor and capital markets and the regulatory framework) will help maintain and extend trade liberalization. Allowing factors of production to move smoothly from one activity to another could help prevent the buildup of pressures that lead to protection; 6) an institution to consider exceptional protection should be advisory (independent of day-to-day trade policymaking), so that it works steadily, free from administrative pressures and exigencies. Requests for protection must be handled openly and transparently, with the findings subject to public scrutiny. Procedures for granting relief through safeguards and similar mechanisms must reflect all interests, including those of consumers, exporters, and users of the product; and 7) the analysis to establish injury must conform to high technical standards. The criteria to consider trade policies must reflect national interests, not those of any particular sector.
Download or read book Stock Market Development and Financial Intermediaries written by Asl? Demirgüç-Kunt and published by World Bank Publications. This book was released on 1995 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Surge in Capital Inflows to Developing Countries written by Eduardo Fernandez-Arias and published by World Bank Publications. This book was released on 1995 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of BIS Credit Risk Regulations on International Banks and Real Estate Markets in Japan written by Jean Michel Paul and published by . This book was released on 1999 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Asia s Fin Crisis Role of Real Estate written by and published by M.E. Sharpe. This book was released on with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter 14. Conclusion: Toward Efficiency and Stability in Asian Real Estate Markets -- About the Editors and Contributors -- Index
Download or read book Asia s Financial Crisis and the Role of Real Estate written by Koichi Mera and published by Routledge. This book was released on 2016-07-08 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book by a distinguished academic and a professional economist from the World Bank clearly demonstrates the significant role played by the real estate sector in inducing the Asian crisis; the linkage of the real estate sector to the general economy; the causes of real estate booms and subsequent busts; and the economic costs of real estate price volatility. The book also includes suggestions for moderating such volatility in the future.
Download or read book Property Valuation and Market Cycle written by Maurizio d'Amato and published by Springer Nature. This book was released on 2022-09-28 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the role of the property market cycle in real estate valuation. Challenging traditional property valuation methods that rely on current market conditions and economic trends, this book argues for a re-evaluation of the relationship between property valuation and cycles in property markets. The book is divided into two parts. The first part gathers research on property market cycle analysis and the delicate problems dealing with property market information including the development of the real estate market index, appraisal bias, and the use of time series in plotting the market cycle. The second part proposes several possible modifications to the traditional income approach methodologies, including cyclical capitalization and the hedonic price method. Furthermore, this part also addresses the need for amendments to current s property valuation standards and institutional regulations. Written by an international cross-section of expert voices in market cycles and property valuation, the book is a comprehensive resource for any researcher or upper-level student studying economic volatility.
Download or read book Bank Regulation and the Network Paradigm written by Patrick Honohan and published by World Bank Publications. This book was released on 1996 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Globalisation Urban Reforms Metropolitan Response written by Darshini Mahadevia and published by . This book was released on 2003 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about the local impacts of a global phenomenon, the connection. It is putting together of policies and reforms in urban India in the period of reforms and observing manifestation of reforms in two metropolitan cities, Ahmedabad and Bangalore. It is for the first time that national and state level policies and reform activities are put together in the same place. The policies and reforms have been observed at the national level and state level. But, the local impacts are observed with respect to two issues, municipal finance in the two metropolises and land market in Ahmedabad. The book concludes by observing that urban reforms are proceeding mainly in the metropolitan cities but at a faster rate than the national economic integration and the reform process is funded by multilateral and bilateral funding agencies, which are also laying down the contents of the reforms process. Finally the book identifies issues where further analysis is required.
