Housing cycles and the macroeconomy in the Middle East
Emerging Middle Eastern, Central Asian and North African economies experienced a boom-bust housing cycle over the past twenty years, according to a working paper published in December by the International Monetary Fund (IMF).
The paper documents developments in the housing finance markets in those countries, and studied the various segments and dynamics of the housing market to arrive at three conclusions. Firstly, the authors argue, greater attention should be paid to improving the availability
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