IMF point of view about how to deal with a housing boom

As you already might know, I am a subscriber to IMF news through emails. There you will find the link to an article from the IMF on how to deal with housing boom. I need to remember you that the US housing boom in 2006-2007 was at the genesis of the global financial crisis. The first thing to learn from this report is that, according to the IMF, there is no way the monetary policy can be useful to deal with a housing boom.

IMF report about how to deal with a housing bubble

I often go to Switzerland and I must remind you that in Switzerland, it is the bank who decide the amount of money a house or flat is worth when you want to purchase it through a loan. A nice way to prevent housing bubbles and speculation on real estate.

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