Despite its recognized economic and social importance, housing finance often remains underdeveloped in emerging economies. Residential lending remains small, poorly accessible, and depository-based. Lenders remain vulnerable to significant credit, liquidity, and interest rate risks. As a result, housing finance is relatively expensive and often rationed. The importance of developing robust systems of housing finance is paramount as emerging economy...
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INFORMATION
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2004/08/01
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Document de travail de recherche sur les politiques
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WPS3370
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1
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1
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2010/07/01
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Mortgage securities in emerging markets
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mortgage securities