The housing cycle in emerging Middle Eastern economies and its macroeconomic policy implications / prepared by Samya Beidas-Strom, Weicheng Lian, and Ashwaq Maseeh.
This paper examines housing finance and housing price dynamics in selected emerging Middle Eastern economies over the past two decades. It finds that (i) mortgage markets have experienced rapid development, which has led to lower private per capita consumer spending volatility this decade; (ii) a do...
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