Smith / Searle The Blackwell Companion to the Economics of Housing

The Housing Wealth of Nations
1. Auflage 2010
ISBN: 978-1-4443-1798-5
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 648 Seiten, E-Book

Reihe: Blackwell Companions to Contemporary Economics

The Blackwell Companion to the Economics of Housing willhelp students and professionals alike to explore key elements ofthe housing economy: home prices, housing wealth, mortgage debt,and financial risk.
* Features 24 original essays, including an editorialintroduction and three section overviews
* Includes 39 world-class authors from a mix of educational andfinancial organizations in the UK, Europe, Australia, and NorthAmerica
* Broadly-based, scholarly, and accessible, serving students andprofessionals who wish to understand how today's housingeconomy works
* Profiles the role and relevance of housing wealth; themismanagement of mortgage debt; and the pitfalls and potential ofhedging housing risk
* Key topics include: the housing price bubble and crash; thesubprime mortgage crisis in the US and its aftermath; the linksbetween housing wealth, the macroeconomy, and the welfare ofhome-occupiers; the mitigation of credit and housing investmentrisks
* Specific case studies help to illustrate concepts, along withnew data sets and analyses to illustrate empirical points

Autoren/Hrsg.

Smith, Susan J.

Searle, Beverley A.

Inhaltsverzeichnis

Chapter 1: Introduction (Susan J. Smith, Beverley A. Searle, andGareth D. Powells).
Part One: Banking on Housing.
Introduction (Editors).
Chapter 2: Housing and Mortgage markets: An OECD perspective(Nathalie Girouard).
Chapter 3: Is Housing Wealth an 'ATM'?:International Trends (Vladimir Kluyev and Paul Mills).
Chapter 4: Housing Wealth Effects and Course of the USEconomy: Theory, Evidence, and Policy Implications (Eric S.Belsky).
Chapter 5: The rise in house prices and household debt in theUnited Kingdom: potential causes and implications (Matt Waldron andFabrizio Zampolli).
Chapter 6: Housing Wealth and Mortgage Debt in Australia (MikeBerry).
Chapter 7: A Survey of Housing Equity Withdrawal and Injectionin Australia (Carl Schwartz, Tim Hampton, Christine Lewis and DavidNorman).
Chapter 8: What do we know about equity withdrawal by householdsin New Zealand? (Mark Smith).
Chapter 9: What happened to the housing system? (DuncanMaclennan).
Part Two: Housing Wealth as a Financial Buffer.
Introduction (Editors).
Chapter 10: Trading on housing wealth: political risk in anageing society (Mike Berry and Tony Dalton).
Chapter 11: Housing Equity Withdrawal and Retirement: Evidencefrom the Household, Income and Labour Dynamics in Australia Survey(HILDA) (Gavin Wood and Christian A. Nygaard).
Chapter 12: Housing Markets, Wealth and'Self-Insurance' in Spain (Joan Costa-Font, Joan Gilland Oscar Mascarilla).
Chapter 13: Housing wealth: a safety net of last resort?Findings from a European study (Deborah Quilgars and AnwenJones).
Chapter 14: 'Pots of gold': Housing wealth and economicwellbeing in Australia (Val Colic-Peisker, Guy Johnson and Susan J.Smith).
Chapter 15: Housing Wealth as Insurance: Insights from theUK (Beverley A Searle and Susan J Smith).
Chapter 16: Housing to manage debt and family care in the USA(Helen Jarvis).
Chapter 17: The Subprime State of Race (Elvin K. Wyly).
Chapter 18: The Housing Finance Revolution (Richard Green andSusan Wachter).
Part Three: Mitigating Housing Risk.
Introduction (Editors).
Chapter 19: How Housing Busts End: House Prices, User Cost andRigidities During Down Cycles (Karl E. Case and John M.Quigley).
Chapter 20: Is there a Role for Shared Equity Products inTwenty-First Century Housing? Experience in Australia and the UK(Christine Whitehead, and Judith Yates).
Chapter 21: Trading on house price risk: Index derivativesand home equity insurance (Peter Englund).
Chapter 22: Hedging Housing Risk: A Financial MarketsPerspective (Jonathan Reiss, John Blank, Peter Sceats, John Edwardswith Susan J Smith).
Creating housing futures: a view from the market (JonathanReiss).
Residential property derivatives: exchange-traded futures andoptions (John Blank).
Residential Property Derivatives: The role and relevance ofover-the-counter trading (Peter Sceats).
An interim Solution (John Edwards).
Chapter 23: Hedging Housing Risk: Is it Feasible? (Steve Swidlerand Harris Hollans).
Chapter 24: Housing Risk and Property Derivatives: the Role ofFinancial Engineering (Juerg Syz).
Chapter 25: Housing Futures: A role for derivatives? (Susan J.Smith).

Über Autor(innen)

Susan J. Smith is Mistress of Girton College Cambridge. Shewas previously Professor of Geography and a Director of theInstitute of Advanced Study at Durham University. She is a graduateof Oxford University (MA, DPhil), a Fellow of the British Academyand of the Royal Society of Edinburgh, an Academician of theAcademy of Social Sciences and a member of the Society of Authors.Professor Smith has published over 100 scholarly papers coveringtopics that range from residential segregation to healthdiscrimination, from mortgage equity withdrawal to spread-bettingon home price dynamics. Her books include Housing & SocialPolicy (1990), Housing for Health (2000), ThePolitics of Race and Residence (1989), and Children atRisk (1995). She is Editor-in-chief of the forthcomingInternational Encyclopedia of Housing and Home (2012) andhas written a variety of press articles on home prices and housingmarkets.
Beverley A. Searle is a Lecturer in Human Geography atDurham University. She gained a PhD in 2005 from the University ofYork. Her research interest focuses on housing wealth andhouseholds' welfare and well-being. She is author of Well-being:In Search of a Good Life? (2008).