Housing finance in transition economies : the early years in eastern Europe and the former Soviet Union
Author: Bertrand Renaud
Publisher: World Bank Publications
Published: 1996
Total Pages: 28
ISBN-13:
DOWNLOAD EBOOK →Author: Bertrand Renaud
Publisher: World Bank Publications
Published: 1996
Total Pages: 28
ISBN-13:
DOWNLOAD EBOOK →Author: Bertrand Renaud
Publisher:
Published: 2016
Total Pages: 28
ISBN-13:
DOWNLOAD EBOOK →The evidence from the past five years suggests that the transition economies that achieved low inflation, adopted radical banking reforms, and seriously reformed laws and institutions in the real estate sector should be among the first to develop a modern system of housing finance.The transition to markets dominates the development agenda of the 1990s. Financial sector reforms are central to a successful transition to a market economy. Renaud focuses on one dimension of these reforms: the development of housing finance institutions and services.He presents a progress report for the years since 1989, when the road to change opened with the collapse of communist regimes in most countries. Rather than a detailed account of reform in 25 countries, he offers a general framework for analyzing change and evaluating the prospects for rapid development of market-based housing finance systems.To understand why sound housing finance systems have not yet developed, one must consider factors in four key reform areas:deg; The macroeconomic policies adopted to liberalize the economy and stabilize prices.deg; Privatization policies, in particular in housing and real estate.deg; The strategies adopted - whether by design or by default - to reform the financial sector.deg; The nature of the financial priorities and institutional constraints affecting housing finance reform strategies followed in different countries.Housing finance policy development has been somewhat haphazard in many countries. But the evidence suggests that the transition economies that have achieved low inflation, have adopted radical banking reforms, and seriously reformed and liberalized their real estate sector should be among the first to develop a modern system of housing finance.This paper - a product of the Financial Sector Development Department - is part of a larger effort in the department to monitor financial development in transition economies.
Author: M. Bertrand Renaud
Publisher:
Published: 1999
Total Pages:
ISBN-13:
DOWNLOAD EBOOK →January 1996 The evidence from the past five years suggests that the transition economies that achieved low inflation, adopted radical banking reforms, and seriously reformed laws and institutions in the real estate sector should be among the first to develop a modern system of housing finance. The transition to markets dominates the development agenda of the 1990s. Financial sector reforms are central to a successful transition to a market economy. Renaud focuses on one dimension of these reforms: the development of housing finance institutions and services. He presents a progress report for the years since 1989, when the road to change opened with the collapse of communist regimes in most countries. Rather than a detailed account of reform in 25 countries, he offers a general framework for analyzing change and evaluating the prospects for rapid development of market-based housing finance systems. To understand why sound housing finance systems have not yet developed, one must consider factors in four key reform areas: * The macroeconomic policies adopted to liberalize the economy and stabilize prices. * Privatization policies, in particular in housing and real estate. * The strategies adopted -- whether by design or by default -- to reform the financial sector. * The nature of the financial priorities and institutional constraints affecting housing finance reform strategies followed in different countries. Housing finance policy development has been somewhat haphazard in many countries. But the evidence suggests that the transition economies that have achieved low inflation, have adopted radical banking reforms, and seriously reformed and liberalized their real estate sector should be among the first to develop a modern system of housing finance. This paper -- a product of the Financial Sector Development Department -- is part of a larger effort in the department to monitor financial development in transition economies.
Author: Jozsef Hegedus
Publisher: Routledge
Published: 2013
Total Pages: 350
ISBN-13: 0415890144
DOWNLOAD EBOOK →This book examines the large-scale social housing programs begun in Eastern and Central Europe after 2000 as an attempt to mitigate the inequality and declining standards of living that took hold in the region after the wave of privatizations that accompanied the political turn of the 1990s. It provides both case studies and theoretical frameworks for evaluating their successes and failures.
Author: Sasha Tsenkova
Publisher: Springer Science & Business Media
Published: 2008-12-29
Total Pages: 262
ISBN-13: 3790821152
DOWNLOAD EBOOK →The book explores both theoretically and empirically the impacts of housing reforms on housing provision in the context of the transition from a centrally-planned to a market-based economy. Fifteen years after the overthrow of state socialism housing policy has lost its privileged status of a political priority as most politically emb- ded systems had favoured market-based solutions to housing problems. This dep- ture from state controlled housing policies with the aim of providing a dwelling for every family is significant, particularly in some post-socialist countries where no new housing policy has emerged. The transition process, embedded in the paradigm shift from central planning to markets, has triggered off turbulence and adjustments with tangible outcomes in post-socialist housing systems. What has changed and what new housing systems have emerged during this dramatic ‘transition to markets and democracy’? Are these systems more efficient and equitable? These questions are the main focus of the book with an emphasis on diversity and change in housing reforms. The book supports the hypothesis that notions of convergence are not really appropriate to the conceptualisation of post-socialist housing systems. It argues that different housing policy choices are going to map out increasingly divergent s- nario for future development.
Author: OECD
Publisher: OECD Publishing
Published: 2002-03-15
Total Pages: 200
ISBN-13: 9264195947
DOWNLOAD EBOOK →This conference proceedings present papers providing the the first in-depth survey of current situation and challenges in the development of housing finance in major transition economies in particular, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, the Slovak Republic and Slovenia.
Author:
Publisher: World Bank Publications
Published: 1996
Total Pages: 268
ISBN-13: 9780195211078
DOWNLOAD EBOOK →Almost one-third of the world's population has embarked on a transition from planned to market economies. Like economic reforms elsewhere, the long-term goal of this transition is to build a thriving market economy capable of delivering long-term growth in living standards. Now in its 19th annual edition, the World Development Report 1996 takes an in-depth look at these transition countries, focusing on the key lessons that have taken place thus far. The introduction to the Report poses a number of key questions that are addressed in later chapters, including questions relating to initial challenges and how contries have tackled them from very different starting points and political conditions. The Report also focuses on the additional challenges these transition countries face, with a final chapter that summarizes the main conclusion of the Report, creating a text that will no doubt become the definitive source for students stydying international economics and politics.
Author: OECD
Publisher: OECD Publishing
Published: 2005-08-10
Total Pages: 316
ISBN-13: 9264010173
DOWNLOAD EBOOK →A comprehensive issue-by-issue and country-by-country study of housing markets and housing finance markets in Central and Eastern Europe.
Author: Raymond J. Struyk
Publisher: UN-HABITAT
Published: 2009
Total Pages: 122
ISBN-13: 921132064X
DOWNLOAD EBOOK →Author: Raymond J. Struyk
Publisher: The Urban Insitute
Published: 1996
Total Pages: 404
ISBN-13: 9780877666431
DOWNLOAD EBOOK →The countries of Eastern Europe have been on the long road to the market for more than a decade. And while the macroeconomic record has been well documented, there has been little analysis of individual country and cross-sector progress. This book offers detailed comparative analysis of the housing sector in seven countries as a window to understanding the developments beyond the headlines. The authors document housing progress towards reliance on markets, how easy it is for families to buy housing, and how the housing sector has contributed to macroeconomic stabilization in Hungary, Slovenia, the Czech and Slovak Republics, Poland, Russia, Armenia, and Estonia.