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...
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| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
2002.
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| Reeks: | IMF Working Papers; Working Paper ;
No. 2002/020 |
| Online toegang: | Full text available on IMF |