LEUNG, K. Y. Charles; TANG, C. H. Edward - Volkswirtschaftliche Fakultät, … - 2011
Hong Kong is no stranger to bubbles or crisis. During the Asian Financial Crisis(AFC), the Hong Kong housing price index drops more than 50% in less than a year. The same market then experiences the Internet Bubble, the SARS attack, and recently the Global Financial Crisis (GFC). This paper...