Housing finance agencies in Asia

Michael Davies, Jacob Gyntelberg and Eric Chan

No 241, BIS Working Papers from Bank for International Settlements

Abstract: This paper examines the role of government-supported housing finance agencies in Asia. We estimate the size of the government subsidies received by these agencies, and their distribution among households, financial institutions and the agencies themselves. We have three main findings. The level of government support provided to housing finance agencies in Asia varies, but is generally small relative to the economy. The housing finance agencies have transferred most of the benefit of their government support to either households or financial institutions. Agencies that participate directly in primary housing finance markets have been most successful in passing on their government support to households.

Keywords: mortgages; Asia; housing finance agencies; government subsidies; government guarantee (search for similar items in EconPapers)
Pages: 55 pages
Date: 2007-12
New Economics Papers: this item is included in nep-sea and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:bis:biswps:241

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