The Blackwell Companion to the Economics of Housing: The Housing Wealth of Nations / Edition 1by Susan J. Smith
The Blackwell Companion to the Economics of Housing will help students and professionals alike to explore many aspects of the housing economy: home prices, housing wealth, mortgage debt, and financial risk. Gathering together a wide-ranging collection of original data, new analyses, and innovative ideas, the Companion is written by a team of/i>/i>… See more details below
The Blackwell Companion to the Economics of Housing will help students and professionals alike to explore many aspects of the housing economy: home prices, housing wealth, mortgage debt, and financial risk. Gathering together a wide-ranging collection of original data, new analyses, and innovative ideas, the Companion is written by a team of highly-respected scholars, including banking and finance professionals as well as academics whose experience spans the globe. Europe, North America, Australia, and New Zealand are particularly well-represented by authorship and focus.
This Companion explores timely issues including: the volatility of home prices and the implications of such “booms and busts” for the wider economy; the puzzling link between housing wealth and consumption; innovations in mortgage markets including subprime and the crisis it precipitated; the changing face of housing risk, and the challenge of mitigation. Drawing on a wide range of quantitative and qualitative data to illustrate specific topics and explore core concepts it provides students of economics and public policy with an ideal supplement to standard textbooks; for professionals in the field, it is an essential reference work and handbook.
- Publication date:
- Blackwell Companions to Contemporary Economics Series, #10
- Product dimensions:
- 7.10(w) x 9.80(h) x 1.70(d)
Table of Contents
Chapter 1: Introduction (Susan J. Smith, Beverley A. Searle, and Gareth D. Powells).
Part One: Banking on Housing.
Chapter 2: Housing and Mortgage markets: An OECD perspective (Nathalie Girouard).
Chapter 3: Is Housing Wealth an ‘ATM’?: International Trends (Vladimir Kluyev and Paul Mills).
Chapter 4: Housing Wealth Effects and Course of the US Economy: Theory, Evidence, and Policy Implications (Eric S. Belsky).
Chapter 5: The rise in house prices and household debt in the United Kingdom: potential causes and implications (Matt Waldron and Fabrizio Zampolli).
Chapter 6: Housing Wealth and Mortgage Debt in Australia (Mike Berry).
Chapter 7: A Survey of Housing Equity Withdrawal and Injection in Australia (Carl Schwartz, Tim Hampton, Christine Lewis and David Norman).
Chapter 8: What do we know about equity withdrawal by households in New Zealand? (Mark Smith).
Chapter 9: What happened to the housing system? (Duncan Maclennan).
Part Two: Housing Wealth as a Financial Buffer.
Chapter 10: Trading on housing wealth: political risk in an ageing society (Mike Berry and Tony Dalton).
Chapter 11: Housing Equity Withdrawal and Retirement: Evidence from the Household, Income and Labour Dynamics in Australia Survey (HILDA) (Gavin Wood and Christian A. Nygaard).
Chapter 12: Housing Markets, Wealth and ‘Self-Insurance’ in Spain (Joan Costa-Font, Joan Gill and Oscar Mascarilla).
Chapter 13: Housing wealth: a safety net of last resort? Findings from a European study (Deborah Quilgars and Anwen Jones).
Chapter 14: 'Pots of gold': Housing wealth and economic wellbeing in Australia (Val Colic-Peisker, Guy Johnson and Susan J. Smith).
Chapter 15: Housing Wealth as Insurance: Insights from the UK (Beverley A Searle and Susan J Smith).
Chapter 16: Housing to manage debt and family care in the USA (Helen Jarvis).
Chapter 17: The Subprime State of Race (Elvin K. Wyly).
Chapter 18: The Housing Finance Revolution (Richard Green and Susan Wachter).
Part Three: Mitigating Housing Risk.
Chapter 19: How Housing Busts End: House Prices, User Cost and Rigidities During Down Cycles (Karl E. Case and John M. Quigley).
Chapter 20: Is there a Role for Shared Equity Products in Twenty-First Century Housing? Experience in Australia and the UK (Christine Whitehead, and Judith Yates).
Chapter 21: Trading on house price risk: Index derivatives and home equity insurance (Peter Englund).
Chapter 22: Hedging Housing Risk: A Financial Markets Perspective (Jonathan Reiss, John Blank, Peter Sceats, John Edwards with Susan J Smith).
Creating housing futures: a view from the market (Jonathan Reiss).
Residential property derivatives: exchange-traded futures and options (John Blank).
Residential Property Derivatives: The role and relevance of over-the-counter trading (Peter Sceats).
An interim Solution (John Edwards).
Chapter 23: Hedging Housing Risk: Is it Feasible? (Steve Swidler and Harris Hollans).
Chapter 24: Housing Risk and Property Derivatives: the Role of Financial Engineering (Juerg Syz).
Chapter 25: Housing Futures: A role for derivatives? (Susan J. Smith).
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