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Monetary Policy and Financial Stability. The Future directions for the UK's housing and mortgage markets

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Professor Miles will analyse how the financial crisis is dramatically transforming the UK housing and mortgage markets. He will consider the transitional and long-run impacts of a reduced supply of high loan to value ratio mortgages. Alternative forms of equity financing of house purchase will be analysed and their impact on risk-sharing and home-ownership patterns explored. Miles also considers the impact of changing patterns of financing and of owner-occupation upon the way in which monetary policy is operated.

This talk is part of the Land Economy series.

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