Lessons from Introducing Contractual Savings for Housing Schemes in Transition Countries
Finpolconsult
Download Document| Date Published | March 18, 2019 |
| Version | |
| Primary Author | Hans-Joachim Dübel |
| Other Authors | |
| Theme | Comparing Housing Finance Systems |
| Country | Czech Republic, Hungary, Kazakhstan, Slovak Republic |
Abstract
In this study, international experiences with contractual savings for housing (CSH) are evaluated. The transition country cases of interest that introduced the German Bausparkasse model are Kazakhstan, Hungary, Czech Republic and Slovakia. They display a mix of macroeconomic, financial market, institutional development and fiscal policy experiences and thus insights on the success conditions for introducing the German system. In addition, the universal banking case of France is considered.