Property Markets and Financial Stability
Joint conference between the Reserve Bank of Australia and the Bank for International Settlements on "Property Markets and Financial Stability", Sydney, Australia, 20-21 August 2012.
The theme of the joint conference between the Reserve Bank of Australia and the Bank for International Settlements in 2012 was 'Property Markets and Financial Stability'. The conference brought together senior central bankers and leading academics to discuss important policy issues concerning property markets and financial stability. Discussions focused on several important topics, including measurement issues in property prices, housing finance, the effects of macroprudential policies, the management of banks' risks and securitisation.
The volume, containing the conference papers and discussions, was published on 11 December 2012.
Alexandra Heath, Frank Packer and Callan Windsor
- Opening Remarks
- Land and Housing Price Measurement in China
Yongheng Deng, Joseph Gyourko and Jing Wu
Discussion: Haibin Zhu
- Developing Housing Finance Systems
Francis E Warnock and Veronica Cacdac Warnock
Discussion: Joseph Gyourko
- When is a Housing Market Overheated Enough to Threaten Stability?
- Property Market Cycles as Paths to Financial Distress
Luci Ellis, Mariano Kulish and Stephanie Wallace
Discussion: Christine Whitehead
- Securitisation and the Commercial Property Cycle
Frank Packer and Timothy Riddiough
Discussion: Jie Gan
- Property Prices and Bank Risk-taking
Discussion: Piti Disyatat
- Taming the Real Estate Beast: The Effects of Monetary and Macroprudential Policies on Housing Prices and Credit
Kenneth Kuttner and Ilhyock Shim
Discussion: Prasanna Gai
- Policy Panel
Carlos Araújo, Per Jansson, Tae Soo Kang and Kiyohiko G Nishimura
- Closing Remarks: Property Markets and Financial Stability - Issues and Interpretations
Stephen G Cecchetti