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.

List of contents

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

About the author

Koichi Mera, Bertrand Renaud

Summary

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.

Product details

• Authors: Koichi Mera, Mera Koichi, Bertrand Renaud, Renaud Bertrand
• Publisher: Taylor and Francis
• Languages: English
• Product format: Hardback
• Released: 31.08.2000
• EAN: 9780765606419
• ISBN: 978-0-7656-0641-9
• No. of pages: 312
• Dimensions: 152 mm x 229 mm x 26 mm
• Weight: 453 g
• Subjects: Social sciences, law, business > Business > Economics; 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