Ownership rates for young people declined as a result, because many people wait to settle down before they buy a home. By saying this, I’m not suggesting that people should not worry about whether households can achieve their desired housing tenure.
First, I want to acknowledge upfront that the causal link between financial integration and growth is far from being straightforward. However, it seems irrefutable that better allocation of global resources allowed by deepening financial integration has been an important factor in supporting global growth. The role of the EMEs has increased in international finance.