United States: Selected Issues

International Monetary Fund

No 2006/278, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses how financial innovation turned U.S. mortgages into an asset class with worldwide investor appeal. It suggests that U.S. financial markets have been skilful in developing tools that have helped households exploit favorable global financing conditions to boost home ownership and acquire housing wealth. It reviews trends in labor supply and demand, electricity sector challenges, oil price developments, and the performance of the U.S. economy. It analyzes U.S. banking developments, with focus on large complex banking groups (LCBGs), and describes the structural change and competition among auto manufacturers and airlines.

Keywords: ISCR; CR; price; fund staff calculation; firm; market; mortgage; Department of Energy study; crude oil price; labor market participation; employment growth; Oil prices; Mortgages; Labor markets; Housing prices; Electricity; Global (search for similar items in EconPapers)
Pages: 52
Date: 2006-07-28
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Citations: View citations in EconPapers (6)

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