To fit with the broad theme of the conference, I have decided to talk this afternoon on the topic of “Housing Markets and Financial Stability.” The main focus of my talk is to explain why central banks are concerned about housing market developments. One reason is the risk of housing bubbles that can have far-reaching implications for financial stability.
Please feel free to bring to our attention the kind of facilitation that you may need to make this workshop successful. Thank you very much. BIS Review 78/2007  1