Chapter 10. Housing Finance in Emerging Economies: Applying a Benchmark from Developed Countries

  1. Danny Ben-Shahar BA, MBA, PhD Senior Lecturer board member member3,
  2. Charles Ka Yui Leung Associate Professor visiting scholar referee editorial board member member4 and
  3. Seow Eng Ong PhD Professor president recipient5
  1. Ashok Bardhan MS, MPhil, PhD Senior Research Associate foreign trade consultant1 and
  2. Dr Robert H. Edelstein AB, AM, PhD Professor active researcher president vice president member2

Published Online: 2 FEB 2009

DOI: 10.1002/9781444302301.ch10

Mortgage Markets Worldwide

Mortgage Markets Worldwide

How to Cite

Bardhan, A. and Edelstein, R. H. (2008) Housing Finance in Emerging Economies: Applying a Benchmark from Developed Countries, in Mortgage Markets Worldwide (eds D. Ben-Shahar, C. K. Y. Leung and S. E. Ong), Blackwell Publishing Ltd., Oxford, UK. doi: 10.1002/9781444302301.ch10

Editor Information

  1. 3

    Faculty of Architecture and Town Planning, Technion – Israel Institute of Technology, Israel

  2. 4

    Department of Economics and Finance, City University of Hong Kong, Hong Kong

  3. 5

    Department of Real Estate, National University of Singapore, Singapore

Author Information

  1. 1

    Fisher Center for Real Estate & Urban Economics, Haas School of Business, the University of California, Berkeley, USA

  2. 2

    Wharton School, University of Pennsylvania, USA

Publication History

  1. Published Online: 2 FEB 2009
  2. Published Print: 16 MAY 2008

Book Series:

  1. Real Estate Issues

Book Series Editors:

  1. Stephen Brown6,
  2. John Henneberry7,
  3. K. W. Chau8 and
  4. Elaine Worzala9

Series Editor Information

  1. 6

    Royal Institution of Chartered Surveyors, UK

  2. 7

    Department of Town & Regional Planning, University of Sheffield, UK

  3. 8

    Department of Real Estate and Construction, The University of Hong Kong, Hong Kong

  4. 9

    Edward St. John Department of Real Estate, Johns Hopkins University, USA

ISBN Information

Print ISBN: 9781405132107

Online ISBN: 9781444302301



  • housing finance in emerging economies applying a benchmark from developed countries;
  • housing finance and economy;
  • spill-over, multiplier effect;
  • vehicle of upward mobility;
  • Russia, India and China - defining similarities and contrasts;
  • Russia - lack of participation by insurance or pension funds;
  • home mortgage market - growing rapidly in volume and importance;
  • key issue facing many emerging economies and potential of securitization;
  • residential mortgage lending and GDP and OECD mortgage markets


This chapter contains sections titled:

  • Introduction

  • Housing finance and the economy

  • Russia, India and China: defining similarities and contrasts

  • Benchmarking

  • Concluding remarks

  • Notes

  • References