Joint workshop of the Monetary Authority of Singapore and the Bank for International Settlements, 5-6 September 2011, Singapore
Property market developments are of increasing importance to central banks and financial sector supervisors. The financial crises of the past two decades, both in developing and developed countries, have illustrated just how critical the health of this sector can be for achieving financial stability. Lately, the rapid growth in real estate prices - often supported by a strong expansion in bank lending - in a number of emerging market economies has become a concern for policymakers. In response, various stabilisation measures have been adopted or are under consideration.
This workshop brings together academic and central bank researchers with practitioners in order to consider policy options for the macroprudential oversight of real estate lending. The aim is to analyse the relationship between property markets, finance and financial stability.