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dc.contributor.authorWagner, Helmuten_US
dc.contributor.authorKißmer, Friedrichen_US
dc.contributor.authorFunke, Norberten_US
dc.date.accessioned2009-01-28T16:08:01Z-
dc.date.available2009-01-28T16:08:01Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/19852-
dc.description.abstractSouth 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.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesProceedings of the German Development Economics Conference, Berlin 2006 / Verein für Socialpolitik, Research Committee Development Economics 27en_US
dc.subject.jelE44en_US
dc.subject.jelE52en_US
dc.subject.jelE58en_US
dc.subject.ddc330en_US
dc.subject.keywordAsset Pricesen_US
dc.subject.keywordproperty pricesen_US
dc.subject.keywordmonetary policyen_US
dc.subject.keywordeconomic developmenten_US
dc.titleInternational Lessons for the Property Price Boom in South Africaen_US
dc.typeConference Paperen_US
dc.identifier.ppn517923572en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:gdec06:4750-
Appears in Collections:Proceedings of the German Development Economics Conference, 2006 (Berlin)

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