Global Housing Markets: Crises, Policies, and Institutions

The Robert W. Kolb Series in Finance is an unparalleled source of information dedicated to the most important issues in modern finance. Each book focuses on a specific topic in the field of finance and contains contributed chapters from both respected academics and experienced financial professionals. As part of the Robert W. Kolb Series in Finance, Global Housing Markets provides a practical understanding of how housing markets and financial systems in different countries were affected by the recent global financial crisis and examines the role that specific policies and institutions played in this event.

While the financial crisis was global, housing markets are local, and the primary geographic unit of analysis in this book's chapters are national—although in some cases, examples of sub-regional and urban housing markets in those countries are presented.

Divided into five comprehensive parts, this timely guide opens with a detailed discussion of the housing market experience in the United States and how the country was the epicenter of the global financial crisis. From here, you'll gain valuable insights into how the contagion spread to housing markets around the world, the paths it took to do so, and the institutional and regulatory context in which policy measures were adopted in response to the spreading crisis.

The expert team of contributors assembled here touch on everything from how European countries such as Spain and Germany each experienced a different combination of distress in their financial and housing markets; what the impact of the crisis was on both large and small Asian countries; and why certain countries, including Australia and Canada, showed certain levels of immunity to the crisis.

If you want an international perspective on the crises, policies, and institutions that have recently shaped the global housing markets—and want to draw some important lessons from the events that have transpired in the process—then this is the book you need to read.