English, Article, Journal or magazine article edition: Bubbles in Real Estate Markets Richard Herring; Susan Wachter

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Bookmark: http://trove.nla.gov.au/version/142004
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Bubbles in Real Estate Markets
Author
  • Richard Herring
  • Susan Wachter
Physical Description
  • preprint
Notes
  • Real estate bubbles may occur without banking crises. And banking crises may occur without real estate bubbles. But the two phenomena are correlated in a remarkable number of instances. This paper provides a conceptual framework explaining why the banking sector’s importance and link to the real estate sector not only amplifies the real estate bubble but also can have major implications for the overall stability of the economy.
  • RePEc:wop:pennzl:402
Language
  • English
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