Asia's Financial Crisis and the Role of Real Estate

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.

Inhaltsverzeichnis

1: Introduction; 2: Land Price Ascent and Government Response in Japan; 3: Japanese Land Prices: Explaining the Boom-Bust Cycle; 4: The Linkage of the Economy with Land Price Fluctuations: The Case of Japan in the 1990s; 5: Korea: Could a Real Estate Price Bubble Have Caused the Economic Crisis?; 6: The Sticky Land Price in Taiwan: Its Causes, Effects, and Future; 7: Hong Kong: Overcoming Financial Risks of Growing Real Estate Credit; 8: China: A Real Estate Boom in a Protected Transition Economy; 9: How Real Estate Contributed to the Thailand Financial Crisis; 10: Singapore: Containing the Real Estate Boom; 11: Indonesia's Real Estate Disturbance: An Ineluctable Outcome; 12: Housing as a Tool for Reviving the Crisis-Hit Economies in Southeast Asia; 13: Real Estate Cycles and Banking Crises in Asia: What Have We Learned?; 14: Conclusion: Toward Efficiency and Stability in Asian Real Estate Markets

Über den Autor / die Autorin

Koichi Mera, Bertrand Renaud

Zusammenfassung

What role did real estate play in causing and exacerbating the Asian financial crisis? This study shows its role in inducing the crisis; its linkage to the general economy; the reasons for real estate booms and busts; and the economic costs of real estate price volatility.

Produktdetails

• Autoren: Koichi Mera, Mera Koichi, Bertrand Renaud, Renaud Bertrand
• Verlag: Taylor and Francis
• Sprache: Englisch
• Produktform: Fester Einband
• Erschienen: 31.08.2000
• EAN: 9780765606419
• ISBN: 978-0-7656-0641-9
• Seiten: 312
• Abmessung: 152 mm x 229 mm x 26 mm
• Gewicht: 453 g
• Themen: Sozialwissenschaften, Recht,Wirtschaft > Wirtschaft > Allgemeines, Lexika; Postwar 20th century history, from c 1945 to c 2000, Asia, BUSINESS & ECONOMICS / Economic History, BUSINESS & ECONOMICS / Real Estate / General, HISTORY / Asia / General, Economic history, Property & real estate, Later 20th century c 1950 to c 1999, Asian History, Management of real estate, property & plant, c 1990 to c 2000, c 1990 to c 1999, Property and real estate, Management of assets: real estate, property and plant