Lending Booms, Real Estate Bubbles and the Asian Crisis

Lending Booms, Real Estate Bubbles and the Asian Crisis
This paper examines the link between lending booms, asset price cycles, and financial crises across East Asian countries. Both theoretical arguments and empirical evidence support a strong relationship between bank lending and asset price inflation, especially in the real estate market. While asset price bubbles were present in most Asian... READ MORE...

Publication date: February 2002
ISBN 9781451843859
$15.00

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