This innovative book analyses the role played by real estate markets in global financial stability and examines the fragile link between the two. Through what transmission channels do housing market cycles influence broader economic systems? How has the Global Financial Crisis shifted our view...

This paper analyses the effects of government controls over land supply on housing in the rapidly growing cities of Korea. Whilst Korea's urban population more than doubled in the period 1973-88, urban land for residential use grew by only 65 per cent. The result has been extremely rapid rises...

Financing issues received major attention in the discussions of human settlement development policy through the preparatory process for Habitat II and at the Conference itself. This paper presents an overview of the existing knowledge and policy experience in housing finance and urban...

This paper investigates the driving forces behind the Korean government's real-estate policy decision-making. In particular, it tries to explain why inefficient and inequitable policies have persisted for so long, and why policy reform has been so sluggish. In order to do this, a few key...