The European Money and Finance Forum (SUERF) with its partners are kindly inviting you to participate in a Conference about "Property Prices and Real Estate Financing in a Turbulent World", held November 15, 2012 in Copenhagen, Denmark.
Since 2005, property prices all over the world have been extremely volatile. Price increases and decreases have resulted in capital gains and losses for investors and fluctuating consumption possibilities of households. Trends in property markets affect financial stability, earnings and risks of the financial industry, and they are strongly affected by policy decisions made by governments and central banks.
The aim of the conference is to bring together analysts and practitioners, who can contribute to the understanding of causes and consequences of property price booms and busts and in particular the role of real estate financing. Papers should focus on policy-based implications and should also be non-technical. Authors should be prepared to publish a short policy-oriented version of their paper in the conference volume.
Among the issues to be addressed at the conference are:
- Which are the links and interactions between real estate price bubbles and monetary policy?
- Do low interest rates in uncertain times sow the seeds for the next bubble in property prices?
- Which causal links are there between mortgage credit growth and volatility in property prices?
- To what extent and why are house price cycles across countries synchronised respectively different?
- Which role do housing subsidies, taxation rules and political restrictions on house rent play for property prices?
- What legal rules should exist regarding loan-to-value ratios, loan maturity, repayment profiles and refinancing options for house owners?
- Which types of financial institutions are most efficient in housing finance?
- Which risks are associated with institutions specialised in real estate financing and how can these risks be managed?
- How much state ownership/influence should there be in mortgage institutions?
- Which types of derivative instruments have been or could be appropriate in housing finance?
- How do rating agencies evaluate mortgage bonds and how does the rating affect the decisions of portfolio managers?
- How will Basel III and related legislation affect housing finance?
- What can we expect from macroprudential policies in property market stabilisation?
Authors should submit 2-3 page abstracts or a full paper online by 15 May 2012, specifying which of the research questions in the Call for Papers they seek to provide answers to. Notification of acceptance or non-acceptance will be provided before 30 June 2012. The final draft of the accepted paper must be received by 30 September 2012. Papers already published prior to the conference are not eligible. Enquiries should be addressed to firstname.lastname@example.org.
Conference Costs and Funding
Limited funds may be available to meet travel and accommodation costs for presenters from academic and/or non-profit institutions where the presenter's institution is not able to cover these costs. There will be no charge for participating but other participants should expect to pay their own travel and accommodation costs, and advanced registration will be required.