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Article: What can we learn from the past: A common pre-existing symptom of three recent real estate pricing bubbles

TitleWhat can we learn from the past: A common pre-existing symptom of three recent real estate pricing bubbles
Authors
KeywordsStudies
Real estate
Interest rates
Prices
Issue Date2010
PublisherAmerican Real Estate Society. The Journal's web site is located at http://www.aresnet.org/ARES/pubs/jrepe/JREPE.html
Citation
Journal Of Real Estate Practice And Education, 2010, v. 13 n. 1, p. 1-22 How to Cite?
AbstractThis study puts forth a holistic framework incorporating the supply and demand for money and credit, risk premiums, and expected income growth to consolidate and interconnect the various causes of the three (Japan, Hong Kong, and the United States) most recent and dramatic international real estate bubbles. Findings indicate a common pre-existing symptom (the presence of negative real interest rates) across all three events. This finding should help future policy makers in determining the existence of on-coming asset pricing bubbles.
Persistent Identifierhttp://hdl.handle.net/10722/168779
ISSN
2019 SCImago Journal Rankings: 0.153
SSRN
References

 

DC FieldValueLanguage
dc.contributor.authorYiu, CYen_HK
dc.contributor.authorXu, SYSen_HK
dc.contributor.authorCao, CYJen_HK
dc.date.accessioned2012-10-08T03:32:21Z-
dc.date.available2012-10-08T03:32:21Z-
dc.date.issued2010en_HK
dc.identifier.citationJournal Of Real Estate Practice And Education, 2010, v. 13 n. 1, p. 1-22en_HK
dc.identifier.issn1521-4842en_HK
dc.identifier.urihttp://hdl.handle.net/10722/168779-
dc.description.abstractThis study puts forth a holistic framework incorporating the supply and demand for money and credit, risk premiums, and expected income growth to consolidate and interconnect the various causes of the three (Japan, Hong Kong, and the United States) most recent and dramatic international real estate bubbles. Findings indicate a common pre-existing symptom (the presence of negative real interest rates) across all three events. This finding should help future policy makers in determining the existence of on-coming asset pricing bubbles.en_HK
dc.languageengen_US
dc.publisherAmerican Real Estate Society. The Journal's web site is located at http://www.aresnet.org/ARES/pubs/jrepe/JREPE.htmlen_HK
dc.relation.ispartofJournal of Real Estate Practice and Educationen_HK
dc.subjectStudies-
dc.subjectReal estate-
dc.subjectInterest rates-
dc.subjectPrices-
dc.titleWhat can we learn from the past: A common pre-existing symptom of three recent real estate pricing bubblesen_HK
dc.typeArticleen_HK
dc.identifier.emailYiu, CY: ecyyiu@hkucc.hku.hken_HK
dc.identifier.authorityYiu, CY=rp01035en_HK
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.scopuseid_2-s2.0-77956237419en_HK
dc.identifier.hkuros175583-
dc.identifier.hkuros167966-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-77956237419&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume13en_HK
dc.identifier.issue1en_HK
dc.identifier.spage1en_HK
dc.identifier.epage22en_HK
dc.publisher.placeUnited Statesen_HK
dc.identifier.ssrn1411587-
dc.identifier.scopusauthoridYiu, CY=9248825800en_HK
dc.identifier.scopusauthoridXu, SYS=36457302300en_HK
dc.identifier.scopusauthoridCao, CYJ=36456840400en_HK
dc.identifier.issnl1521-4842-

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