IIMB-IMF Conference on Housing Markets, Financial Stability and Growth

Here are links to papers and presentations for the conference. A link to the speech by Ratna Sahay will be posted later. Scroll down for links to papers and presentations on housing finance (by Frank Warnock, Veronica Warnock, Simon Walley); on urbanization (Somik Lall, Tony Venables); house prices in emerging markets (Hites Ahir, Mick Silver and Alessandro Rebucci); and the housing market in India (H. A. C. Prasad, Lalit Kumar, and Charan Singh). Also, see a blog by Min Zhu on Managing House Price Booms in Emerging Markets, IMF's Deputy Managing Director. 

Inaugural Address
R V Verma, Former Chairman, NHB


Session 1: Macroprudential Policies

Chair: Arvind Virmani, Former ED, IMF

Ratna Sahay, IMF
How to Manage Housing Booms: What Does the Cross-Country Evidence Show? (PPT)

Jihad Dagher, IMF
Housing Finance and Real Estate Booms: A Cross-Country Perspective

Discussant: Hans Genberg, Bank Negara Malaysia and SEACEN (PPT)


Session 2: Frontiers of Housing Research

Chair: Hans Genberg, Bank Negara Malaysia and SEACEN

Inho Song, Korea Development Institute
Housing as a Unique Asset

Discussant: Mico Loretan, Swiss National Bank (PPT)

Chetan Subramanian, IIM-Bangalore
Asset Price Bubbles and Endogenous Growth

Discussant: Romar Correa, University of Mumbai


Session 3: Housing Finance

Chair: K Kanagasabapathy, Former Adviser-in-charge, MPD, RBI

Veronica Warnock, University of Virginia
Developing Housing Finance Systems: A Global Perspective 

Simon Walley, World Bank
Housing the World: Leveraging Private Sector Resources for the Public Good (PPT)

Frank Warnock, University of Virginia
Housing Finance in Latin America: What is Holding it Back? 

Discussants: R. S. Deshpande, Former Director, ISEC
                     Devi Prasad, Former Director, FPI

Session 4: Urbanization

Chair: R. S. Deshpande, Former Director, ISEC

Somik Lall, World Bank
Urbanization and Housing Investment (PPT)

Discussant: Frank Warnock, University of Virginia

Tony Venables, Oxford
Housing in African Cities: Why it Matters and What is Going Wrong (PPT)

Discussant: Ashima Goyal, IGIDR, Mumbai (PPT)

Session 5: Understanding House Prices

Chair: Ashima Goyal, IGIDR, Mumbai

Hites Ahir, IMF
House Prices in Emerging Markets (PPT)

Mick Silver, IMF
Real Estate Price Measurement: Availability and Importance (PPT)

Discussant: Manoranjan Sharma, GM, Canara Bank

Alessandro Rebucci, Johns Hopkins University
Capital Flows, House Prices and the Macroeconomy (PPT)

Discussant: Mick Silver, IMF (PPT)

Session 6: Housing Markets and Monetary Policy in India

Chair: Alok Sheel, Secretary, Government of India

Presenter: H. A. C. Prasad, MoF, Gol; Lalit Kumar, National Housing Bank and Charan Singh, IIM-Bangalore
Housing Market in India (PPT)

Roundtable: Senior management from State Bank of India, ICICI, State Bank of Mysore and Canara Bank

Valedictory Address

G. S. Sandhu, Former Secretary, Financial Services, MoF, GoI