메뉴 건너뛰기




Volumn 16, Issue 1, 2008, Pages 34-50

External dependent economy and structural real estate bubbles in China

Author keywords

Private saving; Real estate bubble; Ripple effect; Surplus monetary liquidity

Indexed keywords


EID: 39349103829     PISSN: 16712234     EISSN: 1749124X     Source Type: Journal    
DOI: 10.1111/j.1749-124X.2008.00098.x     Document Type: Article
Times cited : (11)

References (36)
  • 2
    • 0038352844 scopus 로고    scopus 로고
    • Japanese monetary policy: A case of self-induced paralysis?
    • In. Ryoichi Mikitani. and. Adam Posen, eds, Institute for International Economics, Washington, DC.
    • Bernanke, Ben, 2000 Japanese monetary policy: A case of self-induced paralysis? In Ryoichi Mikitani and Adam Posen, eds, Japans Financial Crisis and Its Parallels to U.S. Experience, Institute for International Economics, Washington, DC.
    • (2000) Japans Financial Crisis and Its Parallels to U.S. Experience
    • Bernanke, B.1
  • 3
    • 39349106098 scopus 로고    scopus 로고
    • and. CEPR Discussion Paper No. 3398, CEPR, London.
    • Bordo, Michael and Oliver Jeanne, 2002 Boom-busts in asset prices, economic instability and monetary policy CEPR Discussion Paper No. 3398, CEPR, London.
    • (2002)
    • Bordo, M.1    Jeanne, O.2
  • 6
    • 39349084824 scopus 로고
    • and. IMF Staff Papers, Vol. 40, No. 1, IMF, Washington, DC.
    • Calvo, Guillermo, Leonardo Leiderman and Carmen M. Reinhart, 1993 Capital flows to Latin America: The role of external factors IMF Staff Papers, Vol. 40, No. 1, IMF, Washington, DC.
    • (1993)
    • Calvo, G.1    Leiderman, L.2    Reinhart, C.M.3
  • 8
    • 30444434365 scopus 로고    scopus 로고
    • Home-buyers, housing and the macroeconomy
    • and. in. Anthony Richards. and. Tim Robinson, eds, Reserve Bank of Australia, Canberra.
    • Case, Karl E., John M. Quigley and Robert J. Shiller, 2003 Home-buyers, housing and the macroeconomy in Anthony Richards and Tim Robinson, eds, Asset Prices and Monetary Policy, Reserve Bank of Australia, Canberra.
    • (2003) Asset Prices and Monetary Policy
    • Case, K.E.1    Quigley, J.M.2    Shiller, R.J.3
  • 10
  • 12
    • 39349113960 scopus 로고    scopus 로고
    • and. National Bureau of Economic Research Working Paper No. 12355, National Bureau of Economic Research, Cambridge, MA.
    • Gyourko, Joseph, Christopher Mayer and Todd Sinai, 2006 Superstar cities National Bureau of Economic Research Working Paper No. 12355, National Bureau of Economic Research, Cambridge, MA.
    • (2006) Superstar Cities
    • Gyourko, J.1    Mayer, C.2    Sinai, T.3
  • 16
    • 39349105253 scopus 로고    scopus 로고
    • Economie Internationale, CEPR research center, Issue 4Q, pp.
    • Issing, Otmar, 2002 Monetary policy in a world of uncertainty Economie Internationale, CEPR research center, Issue 4Q, pp. 165 79.
    • (2002) , pp. 165-79
    • Issing, O.1
  • 17
    • 39349117829 scopus 로고
    • Bubbles
    • In. Eatwell, J., Milgate, M. and. P. Newman, eds, London & Basingstoke: Macmillan Press.
    • Kindleberger, Charles, 1991 Bubbles In Eatwell, J., Milgate, M. and P Newman, eds, The New Palgrave: The World of Economics, London & Basingstoke : Macmillan Press.
    • (1991) The New Palgrave: The World of Economics
    • Kindleberger, C.1
  • 20
    • 24044469501 scopus 로고    scopus 로고
    • U.S. stock market crashes and their aftermath: Implications for monetary policy
    • and. in. William B. Hunter, George G. Kaufman. and. Michael Pormerleano, eds, Cambridge: MIT Press.
    • Mishkin, Frederic S. and Eugene N. White, 2003 U.S. stock market crashes and their aftermath: Implications for monetary policy in William B. Hunter, George G. Kaufman and Michael Pormerleano, eds, Asset Price Bubbles: The Implications for Monetary, Regulatory and International Policies, Cambridge : MIT Press.
    • (2003) Asset Price Bubbles: The Implications for Monetary, Regulatory and International Policies
    • Mishkin, F.S.1    White, E.N.2
  • 21
    • 0013082741 scopus 로고    scopus 로고
    • The social value of public information
    • and. No. pp.
    • Morris, Stephen and Hyun Song Shin, 2002 The social value of public information American Economic Review, Vol. 92, No. 5, pp. 1521 34.
    • (2002) American Economic Review , vol.92 , Issue.5 , pp. 1521-34
    • Morris, S.1    Song Shin, H.2
  • 22
    • 39349116391 scopus 로고    scopus 로고
    • OECD, Economics Department Working Paper No. 475, OECD, Paris, France.
    • OECD, 2006 House price developments: The role of fundamentals Economics Department Working Paper No. 475, OECD, Paris, France.
    • (2006)
  • 23
    • 33644988745 scopus 로고    scopus 로고
    • How were capital inflows stimulated under dollar peg system?
    • and. in. Takatosh Ito. and. Anne O. Krueger, eds, Chicago: University of Chicago Press, pp.
    • Ogawa, Eiji and Sun Lijian, 2001 How were capital inflows stimulated under dollar peg system? in Takatosh Ito and Anne O. Krueger, eds, Regional and Global Capital Flows: Macroeconomic Causes and Consequences, Chicago : University of Chicago Press, pp. 151 95.
    • (2001) Regional and Global Capital Flows: Macroeconomic Causes and Consequences , pp. 151-95
    • Ogawa, E.1    Lijian, S.2
  • 24
    • 1342290416 scopus 로고    scopus 로고
    • Policy commitment and expectation formation: Japan's experience under zero interest rates
    • and. No. pp.
    • Okina, Kunio and Shigenori Shiratsuka, 2004 Policy commitment and expectation formation: Japan's experience under zero interest rates The North American Journal of Economics and Finance, Vol. 15, No. 1, pp. 75 100.
    • (2004) The North American Journal of Economics and Finance , vol.15 , Issue.1 , pp. 75-100
    • Okina, K.1    Shiratsuka, S.2
  • 25
    • 33645668121 scopus 로고    scopus 로고
    • Housing market dynamics, on the contributions of income shocks and credit constraints
    • and. No. pp.
    • Ortalo-Magne, Francois and Sven Rady, 2006 Housing market dynamics, on the contributions of income shocks and credit constraints Review of Economic Studies, Vol. 73, No. 2, pp. 459 85.
    • (2006) Review of Economic Studies , vol.73 , Issue.2 , pp. 459-85
    • Ortalo-Magne, F.1    Rady, S.2
  • 26
    • 39349101373 scopus 로고
    • Capital movements, real asset speculation, and macroeconomic adjustment in Korea
    • and. in. Sebastian Edwards, ed, Cambridge: Cambridge University Press.
    • Park, Yung Chul and Won-Am Park, 1995 Capital movements, real asset speculation, and macroeconomic adjustment in Korea in Sebastian Edwards, ed, Capital Controls, Exchange Rates and Monetary Policy in the World Economy, Cambridge : Cambridge University Press.
    • (1995) Capital Controls, Exchange Rates and Monetary Policy in the World Economy
    • Park, Y.C.1    Park W.-Am2
  • 27
    • 37349052276 scopus 로고    scopus 로고
    • IIE Working Paper Series WP06-10, Institute for International Economics, Washington, DC.
    • Posen, Adam, 2006 Why central banks should not burst bubbles IIE Working Paper Series WP06-10, Institute for International Economics, Washington, DC.
    • (2006) Why Central Banks Should Not Burst Bubbles
    • Posen, A.1
  • 28
    • 39349094875 scopus 로고    scopus 로고
    • Research Group of Chinese Real Estate Finance, Caimao Jingji (Economics of Trade and Finance), No.5. (In Chinese.).
    • Research Group of Chinese Real Estate Finance, 2006 Macro financial risk analysis of China's real estate Caimao Jingji (Economics of Trade and Finance), No.5. (In Chinese.).
    • (2006)
  • 29
    • 33744491861 scopus 로고    scopus 로고
    • Why central banks should burst bubbles
    • No. pp.
    • Roubini, Nouriel, 2006 Why central banks should burst bubbles International Finance, Vol. 9, No. 1, pp. 87 107.
    • (2006) International Finance , vol.9 , Issue.1 , pp. 87-107
    • Roubini, N.1
  • 30
    • 0029507570 scopus 로고
    • Prices and trading volume in the housing market: A model with down payment constraints
    • No. pp.
    • Stein, Jeremy, 1995 Prices and trading volume in the housing market: A model with down payment constraints Quarterly Journal of Economics, Vol. 110, No. 2, pp. 379 406.
    • (1995) Quarterly Journal of Economics , vol.110 , Issue.2 , pp. 379-406
    • Stein, J.1
  • 31
    • 39349083120 scopus 로고    scopus 로고
    • Symposium of the Fifth WTO and China Academic Annual Meeting, Oct. 2006. (In Chinese.).
    • Sun Lijian, 2006 Troubles from China's double identity as a trading power and a financial marginal country Symposium of the Fifth WTO and China Academic Annual Meeting, Oct. 2006. (In Chinese.).
    • (2006)
    • Lijian, S.1
  • 32
    • 39349089896 scopus 로고    scopus 로고
    • and. BIS Quarterly Review, Issue March, pp.
    • Tsatsaronis, Kostas and Haibin Zhu, 2004 What drives housing price dynamics: Cross-country evidence BIS Quarterly Review, Issue March, pp. 65 78.
    • (2004) , pp. 65-78
    • Tsatsaronis, K.1    Zhu, H.2
  • 33
    • 39349087136 scopus 로고    scopus 로고
    • United Nations, 2006, United Nations Conference on Trade and Development, Geneva.
    • United Nations, 2006, Trade and Development Report, 2006, United Nations Conference on Trade and Development, Geneva.
    • (2006)
  • 34
    • 39349102166 scopus 로고    scopus 로고
    • 2004 Conference Papers 102, Society for Economic Dynamics, Storrs, CT, USA.
    • Ventura, Jaume, 2004 Bubbles and capital flows 2004 Conference Papers 102, Society for Economic Dynamics, Storrs, CT, USA.
    • (2004)
    • Ventura, J.1
  • 35
    • 0039027589 scopus 로고
    • When the ticker ran late: The stock market boom and crash of 1929
    • in. Eugene White, ed, Homewood, IL: Dow-Jones/Irwin, pp.
    • White, Eugene, 1990 When the ticker ran late: The stock market boom and crash of 1929 in Eugene White, ed, Crises and Panics: The Lessons of History, Homewood, IL : Dow-Jones/Irwin, pp. 143 87.
    • (1990) Crises and Panics: The Lessons of History , pp. 143-87
    • White, E.1
  • 36
    • 39349108722 scopus 로고    scopus 로고
    • and. Jingji Yanjiu (Journal of Economic Studies), No. 3. (In Chinese.).
    • Yuan, Zhigang and Xiaoyan Fan, 2003 Analysis of rational bubbles in real estate markets Jingji Yanjiu (Journal of Economic Studies), No. 3. (In Chinese.).
    • (2003)
    • Yuan, Z.1    Fan, X.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.