Hidden Bibliographic Details
| Other authors / contributors: | Poghosyan, Tigran, author.
Bibolov, Aidyn, author.
International Monetary Fund. Middle East and Central Asia Department, issuing body.
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| ISBN: | 9781452735917
1452735913
1282845926
9781282845923
1455200115
9781455200115
1462337589
9781462337583
9786612845925
6612845929
1455200638
9781455200634
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| Notes: | Includes bibliographical references (page 14).
English.
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| Summary: | This paper analyses the recent boom-bust cycle in the housing markets of selected Former Soviet Union (FSU) countries. The analysis is based on a newly constructed database on house prices in the FSU countries. Our estimations suggest that house price developments can largely be explained by the dynamics of fundamentals, such as GDP, remittances, and external financing. Overall, we find that deviations of house prices from their fundamentals have not been pronounced, suggesting that house price bubbles have not been formed in the FSU countries.
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| Other form: | Print version: Stepanyan, Vahram. House Price Determinants in Selected Countries of the Former Soviet Union. Washington : International Monetary Fund, ©2010 9781455200634
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