主讲人Speaker: 张笑语   助理教授    中央财经大学

时间Date & Time: 2025年7月2日（周三），下午14:00--15:30

地点Venue:粤海校区汇星楼565会议室

内容简介/ Abstract:

Homeownership builds wealth yet remains inaccessible for many. Developers constitute critical but understudied intermediaries controlling housing supply and affordability. Using India as our setting, we examine how regulatory intervention mandating developer accountability transforms homeownership. These reforms restructure the market—some exit under compliance burdens while others enter as standards replace reputation signals. The intervention benefits first-time buyers and marginalized groups while expanding affordable housing beyond metropolitan centers. Post-intervention mortgages show lower delinquency rates, revealing borrowers were deterred by developer's default risk rather than creditworthiness concerns. Our findings show how developer-focused policies can reshape housing markets for previously excluded populations.

主讲人介绍/Biography of the speaker：

张笑语，中央财经大学创新发展学院助理教授，研究方向为银行与家庭金融、住房市场，博士毕业于新加坡国立大学。研究成果发表于Journal of Financial Intermediation, Journal of Economics Behavior and Organization, Real Estate Economics, China Economic Review, 《金融评论》等国内外权威期刊。