The Blackwell Companion to the Economics of Housing: The Housing Wealth of Nations

by Editor: Susan J. Smith (Durham University, UK ); Editor: Beverley A. Searle (Durham University, UK )

• ISBN13: 9781444317985
• ISBN10: 1444317989
• Format: eBook
• Copyright: 2010-01-01
• Publisher: Wiley-Blackwell

Summary

The Blackwell Companion to the Economics of Housing will help students and professionals alike to explore key elements of the housing economy: home prices, housing wealth, mortgage debt, and financial risk. Features 24 original essays, including an editorial introduction and three section overviews Includes 39 world-class authors from a mix of educational and financial organizations in the UK, Europe, Australia, and North America Broadly-based, scholarly and accessible, serving students and professionals who wish to understand how today's housing economy works Profiles the role and relevance housing wealth; the janus face of mortgage debt; and the pitfalls and potential of hedging housing risk Key topics include: the housing price bubble and crash; the subprime mortgage crisis in the US and its aftermath; the links between housing wealth, the macroeconomy, and the welfare of home-occupiers; the mitigation of credit and housing investment risks Specific case studies help to illustrate concepts, along with new data sets and analyses to illustrate empirical points

Table of Contents

Introduction

Banking on Housing

Introduction (Editors)

Housing and Mortgage markets: An OECD perspective

Is Housing Wealth an 'ATM'?: International Trends

Housing Wealth Effects and Course of the US Economy: Theory, Evidence, and Policy Implications

The rise in house prices and household debt in the United Kingdom: potential causes and implications

Housing Wealth and Mortgage Debt in Australia

A Survey of Housing Equity Withdrawal and Injection in Australia

What do we know about equity withdrawal by households in New Zealand?

What happened to the housing system?

Housing Wealth as a Financial Buffer

Introduction (Editors)

Trading on housing wealth: political risk in an ageing society

Housing Equity Withdrawal and Retirement: Evidence from the Household, Income and Labour Dynamics in Australia Survey (HILDA)

Housing Markets, Wealth and 'Self-Insurance' in Spain

Housing wealth: a safety net of last resort? Findings from a European study

'Pots of gold': Housing wealth and economic wellbeing in Australia

Housing Wealth as Insurance: Insights from the UK

Housing to manage debt and family care in the USA

The Subprime State of Race

The Housing Finance Revolution

Mitigating Housing Risk

Introduction (Editors)

How Housing Busts End: House Prices, User Cost and Rigidities During Down Cycles

Is there a Role for Shared Equity Products in Twenty-First Century Housing? Experience in Australia and the UK

Trading on house price risk: Index derivatives and home equity insurance

Hedging Housing Risk: A Financial Markets Perspective

Creating housing futures: a view from the market

Residential property derivatives: exchange-traded futures and options

Residential Property Derivatives: The role and relevance of over-the-counter trading

An interim Solution

Hedging Housing Risk: Is it Feasible?

Housing Risk and Property Derivatives: the Role of Financial Engineering

Housing Futures: A role for derivatives?

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