@inproceedings{Wagner2006International,
abstract = {South Africa appears to share some of the characteristics (property price boom, easing of
monetary policy, strong domestic demand growth) of asset price booms in industrial
countries that were often followed by a period of weak growth. The international experience
suggests that a number of practical obstacles need to be overcome before a more proactive
role of monetary policy is warranted. However, a larger variety of available mortgage
contracts, including longer-term fixed-rate contracts, should allow for a more efficient
allocation of interest rate risks. Also, a more systematic nationwide collection of property
price data, including data on commercial property price developments, would provide a more
representative basis for analysis.},
author = {Helmut Wagner and Friedrich Ki\ss{}mer and Norbert Funke},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {E44; E52; E58; 330; Asset Prices; property prices; monetary policy; economic development},
language = {eng},
number = {27},
series = {Proceedings of the German Development Economics Conference, Berlin 2006 / Verein f\"{u}r Socialpolitik, Research Committee Development Economics},
title = {International Lessons for the Property Price Boom in South Africa},
url = {http://hdl.handle.net/10419/19852},
year = {2006}
}
