Asia's Financial Crisis and the Role of Real Estate
Title | Asia's Financial Crisis and the Role of Real Estate PDF eBook |
Author | Koichi Mera |
Publisher | Routledge |
Pages | 313 |
Release | 2016-07-08 |
Genre | Business & Economics |
ISBN | 1315500000 |
This book by a distinguished academic and a professional economist from the World Bank clearly demonstrates the significant role played by the real estate sector in inducing the Asian crisis; the linkage of the real estate sector to the general economy; the causes of real estate booms and subsequent busts; and the economic costs of real estate price volatility. The book also includes suggestions for moderating such volatility in the future.
Lending Booms, Real Estate Bubbles and the Asian Crisis
Title | Lending Booms, Real Estate Bubbles and the Asian Crisis PDF eBook |
Author | Charles Collyns |
Publisher | International Monetary Fund |
Pages | 52 |
Release | 2002-02 |
Genre | Business & Economics |
ISBN |
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 price bubbles were present in most Asian countries during the 1990s, their subsequent bust has affected countries quite differently. Some countries underwent severe exchange and financial crises, while others were able to weather the storm with much less damage. This experience underlines the importance of a strong bank regulatory system.
Asia's Fin Crisis Role of Real Estate
Title | Asia's Fin Crisis Role of Real Estate PDF eBook |
Author | |
Publisher | M.E. Sharpe |
Pages | 316 |
Release | |
Genre | Financial crises |
ISBN | 9780765619273 |
Chapter 14. Conclusion: Toward Efficiency and Stability in Asian Real Estate Markets -- About the Editors and Contributors -- Index
Dynamics of Housing in East Asia
Title | Dynamics of Housing in East Asia PDF eBook |
Author | Bertrand Renaud |
Publisher | John Wiley & Sons |
Pages | 352 |
Release | 2016-03-03 |
Genre | Business & Economics |
ISBN | 1119073642 |
This book is the first to evaluate the organisation, behaviour and performance of six major East Asian real estate markets. It offers a unique analysis of the growth and transformation of the real estate sector across East Asia. The authors examine the interactions between volatility in the sector and the overall stability of the economy, in particular during the Asia financial crisis of 1997-98, and the global financial crisis of 2008-09. draws on the best available theoretical and empirical literature applies analytic tools in the context of East Asian institutions and policies helps understand factors affecting resilience and stability in East Asian real estate markets.
The Social Impact of the Asian Financial Crisis
Title | The Social Impact of the Asian Financial Crisis PDF eBook |
Author | Yunpeng Zhu |
Publisher | Edward Elgar Publishing |
Pages | 280 |
Release | 2001-01-01 |
Genre | Business & Economics |
ISBN | 9781782541943 |
This volume presents a scholarly insider's perspective on the Asian economic crisis, examining the social, economic and political consequences of the crisis in six influential Asian economies: Indonesia, Korea, Malaysia, the Philippines, Taiwan and Thailand. Each chapter contains an analysis of the events leading up to and during the crisis, the social impacts and an assessment of possible futures for these countries. The contributors expertise and use of up-to-date data ensures an integrated approach by which the process of economic change can be understood. The book reveals that professional workers in the urban financial sector, as well as manual labourers in the export sector, felt the most dramatic effects. Impacts on the latter group resulted in a significant rise in the population living below the poverty line. The book emphasises the previous absence of strong social security 'nets' and the need to strengthen macroeconomic policies and institutional, legal, regulatory and supervisory structures. Other topics covered include intractable government corruption and fiscal management.
Wealth Effects of Corporate Real Estate Disposals
Title | Wealth Effects of Corporate Real Estate Disposals PDF eBook |
Author | Kien Hwa Ting |
Publisher | |
Pages | |
Release | 2006 |
Genre | Corporations |
ISBN |
From The Global Financial Tsunami To The Property Bubbles In Asia: The Need For A New Discipline On Macroeconomic Management
Title | From The Global Financial Tsunami To The Property Bubbles In Asia: The Need For A New Discipline On Macroeconomic Management PDF eBook |
Author | Yip Paul Sau Leung |
Publisher | World Scientific |
Pages | 232 |
Release | 2019-03-20 |
Genre | Business & Economics |
ISBN | 9814623709 |
This book discusses the formation of the current huge property bubbles in many Asian economies and the high likelihood of another Asian financial crisis due to the eventual bursting of these property bubbles. In particular, it explains:In view of the huge costs due to the macroeconomic policy mistakes in many developing economies and some advanced economies, this book recommends the development of a new economic discipline on macroeconomic management and rigorous selection procedures of key economic and monetary officials. If properly done, these would help pre-empt financial crises, currency crises and asset bubbles in the future.