From Wall St to their street: the global crisis and the Australian/ New Zealand housing markets

Prof Laurence Murphy

NIRSA Conference Room, John Hume Building, NUI Maynooth 16:00 :: 11th November 2009

The global financial crisis (GFC) has had a profound impact on the operation of the international financial system. Within the context of dramatic institutional and regulatory transformations, the effects of the GFC on national housing markets have been mediated by pre-existing financial structures and evolving government policy responses. This lecture reviews the origins of the GFC and its impacts on the Australian and New Zealand housing markets. Although sheltered from the direct fallout of the GFC, the crisis has prompted significant policy interventions that have, in many ways, reinforced the role of home ownership as a source of household wealth.

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