This paper presents an assessment of the shift in market risks to the household sector, which results from changes in the behavior of financial institutions and from pension reform. It focuses on household saving and asset allocation behavior and analyzes how such behavior may be affected by changes to household risk profiles. It examines the products and services that the financial industry has developed, or may need to develop, to help households meet these new challenges. The paper also discusses possible public policy initiatives on the promotion of a broader range of payout instruments and structures.a#39;Real estate for United States, in billions of U.S. dollars; for United Kingdom, in billions of pounds sterling; for Japan, in trillions of ... in billions of pounds stoning; for Japan, in trillions of yen; for Netherlands, France, and Germany, in billions of euros. ... a#39;Residential land price index is used for house price index (based on the yearaend value in each 13The Sveriges ... 1 Real estate (left scale)a#39; I Mortgages (toil scale)a#39; 15000aquot; United Statest a#39; 2aquot;a Decades Annual T5000 - _ 150 12000 - - 1 anbsp;...
|Title||:||Global Financial Stability Report, September 2005|
|Author||:||International Monetary Fund. Monetary and Capital Markets Department|
|Publisher||:||International Monetary Fund - 2005-09-30|