Incomplete Financial Markets and the Booming Housing Sector in China /

Housing is by far the most important asset in Chinese households' balance sheets. However, despite forceful and frequent government interventions, the rise in Chinese housing prices has not been contained as much as intended, a trend that has not been reversed by the COVID-19 shock. In this pap...

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Autore principale: Bayoumi, Tamim
Altri autori: Zhao, Yunhui
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2020.
Serie:IMF Working Papers; Working Paper ; No. 2020/265
Accesso online:Full text available on IMF