Product Cover Image

Fixing the Housing Market: Financial Innovations for the Future, CourseSmart eTextbook

By Franklin Allen, James Barth, Glenn Yago

Published by FT Press

Published Date: Feb 13, 2012

More Product Info


Ever since the ancient Greeks, financial innovation has enabled more people to purchase homes. Today is no different: in fact, responsible financial innovation is now the best tool available for “rebooting” crippled housing markets, improving their efficiency, and making housing more accessible to millions. In this book, three leading experts explain how, covering everything decision-makers should know about today’s housing and financial markets.


The authors begin by explaining how housing financial products, services and institutions evolved through the 19th century, World War I, the Great Depression, World War II, and beyond -- culminating in the post-1970s era of securitization. Next, they assess housing finance systems in mature economies during and after the recent crisis, highlighting benefits and risks associated with each widely-used mortgage funding structure and product. They also assess current housing finance structures in emerging economies such as Brazil, Russia, India, and China.


Building on these insights, the authors introduce transformative financial innovations that can facilitate a more stable and sustainable financing system for housing -- providing better shelter for more people, helping the industry recover, and creating thousands of new jobs. Using these new tools, entrepreneurs, economic development specialists, and policymakers can develop practical strategies for bridging funding gaps -- raising more capital for longer terms at lower cost.

Table of Contents

About the Authors     viii
About the Milken Institute     x

Chapter 1   Housing Crises Go Global: The Boom, the Bust, and Beyond     1
Chapter 2   Building Blocks of Modern Housing Finance     21
Chapter 3   Turmoil in Global Housing Markets: Implications for the Future of Housing Finance     69
Chapter 4   Housing Finance in the Emerging Economies     103
Chapter 5   Future Innovations in Housing Finance     139
Chapter 6   Lessons Learned--Back to the Future     171
Index     181

Purchase Info ?

With CourseSmart eTextbooks and eResources, you save up to 60% off the price of new print textbooks, and can switch between studying online or offline to suit your needs.

Once you have purchased your eTextbooks and added them to your CourseSmart bookshelf, you can access them anytime, anywhere.

Buy Access

Fixing the Housing Market: Financial Innovations for the Future, CourseSmart eTextbook
Format: Safari Book

$17.49 | ISBN-13: 978-0-13-282262-6