Financial Stability Risks From Commercial Real Estate
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| Author | : Mr. Salih Fendoglu |
| Publisher | : International Monetary Fund |
| Total Pages | : 11 |
| Release | : 2021-05-26 |
| Genre | : Business & Economics |
| ISBN | : 1513578286 |
This note analyzes the implications of changes in commercial real estate (CRE) prices for the stability of the US banking sector. Using detailed bank-level and CRE price data for US metropolitan statistical areas, the analysis shows that, following a decline in CRE prices, banks with greater exposures to CRE loans perform worse than their counterparts, experiencing higher non-performing CRE loans, lower revenues, and lower capital. These effects are particularly pronounced if the drop in CRE prices turns out to be persistent because of possible structural shifts in CRE demand—for example, because of an increased trend toward e-commerce and teleworking—even after the coronavirus disease (COVID-19) pandemic is over. The impact of a decline in CRE prices is especially true for small and community banks, which tend to have the highest CRE loan exposures. While the US banking sector has remained resilient during the pandemic crisis due to strong capital buffers and massive policy support, these findings suggest that continued vigilance is warranted with regard to potential downside risks to CRE prices amidst ongoing structural shifts in the sector.
| Author | : Mr. Mustafa Saiyid |
| Publisher | : International Monetary Fund |
| Total Pages | : 16 |
| Release | : 2024-08 |
| Genre | : |
| ISBN | : |
Following post-pandemic tightening of monetary policy in advanced economies, commercial real estate (CRE) markets have been under pressure globally, including in Germany. This paper explores the channels of CRE impact for the German financial sector, and the potential size of impact for individual German banks based on publicly available data. It finds that German banks, in aggregate, are adequately capitalized and sufficiently liquid to absorb potential losses. However, elevated CRE-related credit risks suggest the need for close monitoring of some individual institutions, conservative capital distributions, adequate loan-loss provisions, retention of macroprudential buffers, and testing of financial safety arrangements.
| Author | : Elizabeth Warren |
| Publisher | : DIANE Publishing |
| Total Pages | : 190 |
| Release | : 2010-08 |
| Genre | : Business & Economics |
| ISBN | : 1437930530 |
| Author | : International Monetary Fund Staff |
| Publisher | : International Monetary Fund |
| Total Pages | : 210 |
| Release | : 2008-04-08 |
| Genre | : Business & Economics |
| ISBN | : 145197941X |
The events of the past six months have demonstrated the fragility of the global financial system and raised fundamental questions about the effectiveness of the response by private and public sector institutions. the report assesses the vulnerabilities that the system is facing and offers tentative conclusions and policy lessons. the report reflects information available up to March 21, 2008.
| Author | : Rob Nijskens |
| Publisher | : Springer |
| Total Pages | : 220 |
| Release | : 2019-06-14 |
| Genre | : Business & Economics |
| ISBN | : 3030116743 |
This open access book discusses booming housing markets in cities around the globe, and the resulting challenges for policymakers and central banks. Cities are booming everywhere, leading to a growing demand for urban housing. In many cities this demand is out-pacing supply, which causes house prices to soar and increases the pressure on rental markets. These developments are posing major challenges for policymakers, central banks and other authorities responsible for ensuring financial stability, and economic well-being in general.This volume collects views from high-level policymakers and researchers, providing essential insights into these challenges, their impact on society, the economy and financial stability, and possible policy responses. The respective chapters address issues such as the popularity of cities, the question of a credit-fueled housing bubble, the role of housing supply frictions and potential policy solutions. Given its scope, the book offers a revealing read and valuable guide for everyone involved in practical policymaking for housing markets, mortgage credit and financial stability.
| Author | : Tobias Adrian |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2020 |
| Genre | : |
| ISBN | : |
In a recently released New York Fed staff report, we present a forward-looking monitoring program to identify and track time-varying sources of systemic risk.
| Author | : International Monetary Fund. Monetary and Capital Markets Department |
| Publisher | : International Monetary Fund |
| Total Pages | : 160 |
| Release | : 2013-04-17 |
| Genre | : Business & Economics |
| ISBN | : 1475589581 |
The Global Financial Stability Report examines current risks facing the global financial system and policy actions that may mitigate these. It analyzes the key challenges facing financial and nonfinancial firms as they continue to repair their balance sheets. Chapter 2 takes a closer look at whether sovereign credit default swaps markets are good indicators of sovereign credit risk. Chapter 3 examines unconventional monetary policy in some depth, including the policies pursued by the Federal Reserve, the Bank of England, the Bank of Japan, the European Central Bank, and the U.S. Federal Reserve.
| Author | : |
| Publisher | : |
| Total Pages | : 736 |
| Release | : 1997 |
| Genre | : Bank examination |
| ISBN | : |
| Author | : Mr.Bas B. Bakker |
| Publisher | : International Monetary Fund |
| Total Pages | : 46 |
| Release | : 2012-06-07 |
| Genre | : Business & Economics |
| ISBN | : 1475572689 |
This note explores the costs and benefits of different policy options to reduce the risks associated with credit booms, drawing upon several country experiences and the findings from econometric analysis.
| Author | : Andrés Fernández |
| Publisher | : International Monetary Fund |
| Total Pages | : 32 |
| Release | : 2015-04-22 |
| Genre | : Business & Economics |
| ISBN | : 1484332172 |
This paper presents a new dataset of capital control restrictions on both inflows and outflows of 10 categories of assets for 100 countries over the period 1995 to 2013. Building on the data in Schindler (2009) and other datasets based on the analysis of the IMF’s Annual Report on Exchange Arrangements and Exchange Restrictions (AREAER), this dataset includes additional asset categories, more countries, and a longer time period. The paper discusses in detail the construction of the dataset and characterizes the data with respect to the prevalence and correlation of controls across asset categories and between controls on inflows and controls on outflows, the aggregation of the separate categories into broader indicators, and the comparison of this dataset with other indicators of capital controls.
