Lessons from Introducing Contractual Savings for Housing Schemes in Transition Countries


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Date Published March 18, 2019
Primary Author Hans-Joachim Dübel
Other Authors
Theme Comparing Housing Finance Systems
Country Czech Republic, Hungary, Kazakhstan, Slovak Republic


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.

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