The Global Financial Crisis and Housing: A New Policy Paradigm (KDI series in Economic Policy and Development) - Hardcover

Hardcover

ISBN 10: 1783472871 ISBN 13: 9781783472871

Publisher: Edward Elgar Publishing, 2014

Synopsis

This innovative book analyses the role played by real estate markets in global financial stability and examines the fragile link between the two.

Through what transmission channels do housing market cycles influence broader economic systems? How has the Global Financial Crisis shifted our view and understanding of these linkages? This detailed book answers these questions in an international comparative perspective. Specific topics covered include macroeconomic transmission channels of the housing cycle, the role of housing in the finance system, construction financing as a cycle amplifier, and various related public policy issues such as the policy remedies needed to deal with housing and mortgage-driven crises.

Eminent scholars in the field provide insightful and original contributions, which will appeal to academics in the areas of macroeconomics, policy analysis and financial regulation. Practitioners involved in real estate and the mortgage market will also find it to be of interest.

Contributors: C.-O. Chang, M.-C. Chen, M. Cho, G. Dell'Ariccia, H.-J. Dübel, M. Hwang, M. Iacoviello, D. Igan, K. Kim, K.-H. Kim, Y.I. Kim, C.-M. Lee, Y.-M. Lee, J.-y. Son, I. Song, S.H. Suh, M.J. Tcha, S. Wachter, T.T. Yang, J.Y. Zhang

About this title

About the Author:

Edited by Susan Wachter, Professor, Real Estate and Finance, University of Pennsylvania, US, Man Cho, Professor, Public Policy and Management, KDI School, Korea and Moon Joong Tcha, Senior Fellow, Center for International Development, Korea Development Institute, Korea

About this edition

• Publisher: Edward Elgar Publishing
• Publication date: 2014
• ISBN 10: 1783472871
• ISBN 13: 9781783472871
• Binding: Hardcover
• Number of pages: 368
• Editor: Wachter Susan, Cho Man, Tcha Moon Joong