Housing finance matters. In most high-income countries it matters more than any other form of finance. It was intimately related to the recent waves of financial crisis – far more so than the bugbear of public finance. We must rethink what we have been doing, why we have been doing it and whether we could do it better.
房产金融很重要。在大多数高收入国家，房产金融比其他任何种类的金融都更重要。它与最近这场金融危机干系之大，远甚于让人谈虎色变的公共财政。我们必须反思我们一直以来的做法，这种做法的目的，以及我们能否对其加以改进。
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