Housing Finance Agencies in Asia

54 Pages Posted: 15 Apr 2008

See all articles by Jacob Gyntelberg

Jacob Gyntelberg

Nordea Group; University of Copenhagen - Department of Economics

Eric Ho Pan Chan

Bank for International Settlements (BIS)

Michael Richard Llywelyn Davies

Bank for International Settlements, Committee on the Global Financial System (CGFS)

Date Written: December 2007

Abstract

This paper examines the role of government-supported housing finance agencies in Asia. We estimate the size of the government subsidies received by these agencies, and their distribution among households, financial institutions and the agencies themselves. We have three main findings. The level of government support provided to housing finance agencies in Asia varies, but is generally small relative to the economy. The housing finance agencies have transferred most of the benefit of their government support to either households or financial institutions. Agencies that participate directly in primary housing finance markets have been most successful in passing on their government support to households.

Suggested Citation

Gyntelberg, Jacob and Chan, Eric Ho Pan and Davies, Michael Richard Llywelyn, Housing Finance Agencies in Asia (December 2007). BIS Working Paper No. 241. Available at SSRN: https://ssrn.com/abstract=1120209 or http://dx.doi.org/10.2139/ssrn.1120209

Jacob Gyntelberg (Contact Author)

Nordea Group ( email )

Grønjordsvej 10
Copenhagen, DK - 2300
Denmark

University of Copenhagen - Department of Economics ( email )

Øster Farimagsgade 5, Bygn 26
Copenhagen, 1353
Denmark

Eric Ho Pan Chan

Bank for International Settlements (BIS) ( email )

Centralbahnplatz 2
Basel, Basel-Stadt 4002
Switzerland

Michael Richard Llywelyn Davies

Bank for International Settlements, Committee on the Global Financial System (CGFS) ( email )

Centralbahnplatz 2
Basel, Basel-Stadt 4002
Switzerland

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