TY - BOOK ID - 11954906 TI - Latin America AU - Cubeddu, Luis M AU - Tovar Mora, Camilo Ernesto AU - Tsounta, Evridiki AU - International Monetary Fund. PY - 2012 SN - 1475517599 1475505426 1475545142 1475573359 9781475517590 9781475573350 9781475505429 9781475505429 9781475545142 PB - [Place of publication not identified] International Monetary Fu DB - UniCat KW - Finance KW - Business & Economics KW - Banking KW - Mortgage loans KW - Housing KW - Prices KW - Home loans KW - Mortgage lending KW - Real estate loans KW - Affordable housing KW - Homes KW - Houses KW - Housing needs KW - Residences KW - Slum clearance KW - Urban housing KW - Social aspects KW - Loans KW - Secondary mortgage market KW - City planning KW - Dwellings KW - Human settlements KW - Mortgages KW - E-books KW - Hypothecation KW - Real obligations KW - Securities KW - Security (Law) KW - Conveyancing KW - Liens KW - Priorities of claims and liens KW - Law and legislation KW - Infrastructure KW - Money and Monetary Policy KW - Real Estate KW - Industries: Financial Services KW - Financial Markets and the Macroeconomy KW - General Financial Markets: General (includes Measurement and Data) KW - Financial Institutions and Services: General KW - Real Estate Services KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Housing Supply and Markets KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - Economic Development: Urban, Rural, Regional, and Transportation Analysis KW - Property & real estate KW - Monetary economics KW - Macroeconomics KW - Housing prices KW - Credit KW - Credit booms KW - Financial institutions KW - Money KW - National accounts KW - Saving and investment KW - Colombia UR - https://www.unicat.be/uniCat?func=search&query=sysid:11954906 AB - This paper documents developments in mortgage credit and the housing sector in Latin America over the past decade, and compares them with those of other emerging economies. In particular, it examines the real estate and mortgage markets to assess whether (i) growth in mortgage credit is excessive compared to long-term trends; (ii) trends in house prices reflect changes in economic fundamentals; and (iii) the extent to which household and banking sector vulnerabilities could lead to potential fragilities. Although data limitations hamper a rigorous analysis of trends, our analysis suggests that while there are no imminent misalignments in the real estate and mortgage sectors, they could emerge if current trends persist. Strengthening supervision and addressing data gaps is thus critical to ensure adequate monitoring of risks and vulnerabilities in these sectors. ER -