The Blackwell Companion to the Economics of Housing: The Housing Wealth of Nations

The Blackwell Companion to the Economics of Housing will help students and professionals alike to explore many aspects of the housing economy: home prices, housing wealth, mortgage debt, and financial risk. Gathering together a wide–ranging collection of original data, new analyses, and innovative ideas, the Companion is written by a team of highly–respected scholars, including banking and finance professionals as well as academics whose experience spans the globe. Europe, North America, Australia, and New Zealand are particularly well–represented by authorship and focus.
This Companion explores timely issues including: the volatility of home prices and the implications of such “booms and busts” for the wider economy; the puzzling link between housing wealth and consumption; innovations in mortgage markets including subprime and the crisis it precipitated; the changing face of housing risk, and the challenge of mitigation. Drawing on a wide range of quantitative and qualitative data to illustrate specific topics and explore core concepts it provides students of economics and public policy with an ideal supplement to standard textbooks; for professionals in the field, it is an essential reference work and handbook.

Spis treści:
Chapter 1: Introduction (Susan J. Smith, Beverley A. Searle, and Gareth D. Powells).
Part One: Banking on Housing.
Introduction (Editors).
Chapter 2: Housing and Mortgage markets: An OECD perspective (Nathalie Girouard).
Chapter 3: Is Housing Wealth an ‘ATM’?: International Trends (Vladimir Kluyev and Paul Mills).
Chapter 4: Housing Wealth Effects and Course of the US Economy:  Theory, Evidence, and Policy Implications (Eric S. Belsky).
Chapter 5: The rise in house prices and household debt in the United Kingdom: potential causes and implications (Matt Waldron and Fabrizio Zampolli).
Chapter 6: Housing Wealth and Mortgage Debt in Australia (Mike Berry).
Chapter 7: A Survey of Housing Equity Withdrawal and Injection in Australia (Carl Schwartz, Tim Hampton, Christine Lewis and David Norman).
Chapter 8: What do we know about equity withdrawal by households in New Zealand? (Mark Smith).
Chapter 9: What happened to the housing system? (Duncan Maclennan).
Part Two: Housing Wealth as a Financial Buffer.
Introduction (Editors).
Chapter 10: Trading on housing wealth: political risk in an ageing society (Mike Berry and Tony Dalton).
Chapter 11: Housing Equity Withdrawal and Retirement: Evidence from the Household, Income and Labour Dynamics in Australia Survey (HILDA) (Gavin Wood and Christian A. Nygaard).
Chapter 12: Housing Markets, Wealth and ‘Self–Insurance’ in Spain (Joan Costa–Font, Joan Gill and Oscar Mascarilla).
Chapter 13: Housing wealth: a safety net of last resort? Findings from a European study (Deborah Quilgars and Anwen Jones).
Chapter 14: ′Pots of gold′: Housing wealth and economic wellbeing in Australia (Val Colic–Peisker, Guy Johnson and Susan J. Smith).
Chapter 15: Housing Wealth as Insurance:  Insights from the UK (Beverley A Searle and Susan J Smith).
Chapter 16: Housing to manage debt and family care in the USA (Helen Jarvis).
Chapter 17: The Subprime State of Race (Elvin K. Wyly).
Chapter 18: The Housing Finance Revolution (Richard Green and Susan Wachter).
Part Three: Mitigating Housing Risk.
Introduction (Editors).
Chapter 19: How Housing Busts End: House Prices, User Cost and Rigidities During Down Cycles (Karl E. Case and John M. Quigley).
Chapter 20: Is there a Role for Shared Equity Products in Twenty–First Century Housing? Experience in Australia and the UK (Christine Whitehead, and Judith Yates).
Chapter 21: Trading on house price risk:  Index derivatives and home equity insurance (Peter Englund).
Chapter 22: Hedging Housi ng Risk: A Financial Markets Perspective (Jonathan Reiss, John Blank, Peter Sceats, John Edwards with Susan J Smith).
Creating housing futures: a view from the market (Jonathan Reiss).
Residential property derivatives: exchange–traded futures and options (John Blank).
Residential Property Derivatives: The role and relevance of over–the–counter trading (Peter Sceats).
An interim Solution (John Edwards).
Chapter 23: Hedging Housing Risk: Is it Feasible? (Steve Swidler and  Harris Hollans).
Chapter 24: Housing Risk and Property Derivatives: the Role of Financial Engineering (Juerg Syz).
Chapter 25: Housing Futures: A role for derivatives? (Susan J. Smith).

Nota biograficzna:
Susan J. Smith is Mistress of Girton College Cambridge. She was previously Professor of Geography and a Director of the Institute of Advanced Study at Durham University. She is a graduate of Oxford University (MA, DPhil), a Fellow of the British Academy and of the Royal Society of Edinburgh, an Academician of the Academy of Social Sciences and a member of the Society of Authors. Professor Smith has published over 100 scholarly papers covering topics that range from residential segregation to health discrimination, from mortgage equity withdrawal to spread–betting on home price dynamics. Her books include Housing & Social Policy (1990), Housing for Health (2000), The Politics of Race and Residence (1989), and Children at Risk (1995). She is Editor–in–chief of the forthcoming International Encyclopedia of Housing and Home (2012) and has written a variety of press articles on home prices and housing markets.
Beverley A. Searle is a Lecturer in Human Geography at Durham University. She gained a PhD in 2005 from the University of York. Her research interest focuses on housing wealth and households’ welfare and well–being. She is author of Well–b eing: In Search of a Good Life? (2008).

Okładka tylna:
The Blackwell Companion to the Economics of Housing will help students and professionals alike to explore many aspects of the housing economy: home prices, housing wealth, mortgage debt, and financial risk. Gathering together a wide–ranging collection of original data, new analyses, and innovative ideas, the Companion is written by a team of highly–respected scholars, including banking and finance professionals as well as academics whose experience spans the globe. Europe, North America, Australia, and New Zealand are particularly well–represented by authorship and focus.
This Companion explores timely issues including: the volatility of home prices and the implications of such “booms and busts” for the wider economy; the puzzling link between housing wealth and consumption; innovations in mortgage markets including subprime and the crisis it precipitated; the changing face of housing risk, and the challenge of mitigation. Drawing on a wide range of quantitative and qualitative data to illustrate specific topics and explore core concepts it provides students of economics and public policy with an ideal supplement to standard textbooks; for professionals in the field, it is an essential reference work and handbook.