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Financial Crisis, and China increased the growth rate of base money slightly. The resulting credit growth was very slight in US … and UK but over 100% in China. The US and UK money multipliers collapsed because the required capital adequacy ratio (CAR … it; and equals the reciprocal of the required reserve ratio when CAR is not binding. To improve China's economic …
Persistent link: https://www.econbiz.de/10013143005
. Using transaction-level data, we document (i) a "China shock" in the U.S. housing market characterized by surging foreign …
Persistent link: https://www.econbiz.de/10013244290
The recent surge in property values in China has been similar to the surge in the U.S before the crash in 2007. This … raises concerns about whether China is destined to have a crash as well. We estimate similar models of property values for … reverting, without momentum. This suggests that the recent price rise in China has had more to do with scarcity than with …
Persistent link: https://www.econbiz.de/10012914765
transactions data. We document (i) a "China shock" in the U.S. real estate market after 2007 driven by the Chinese government … real estate capital inflows from China, we find that foreign Chinese housing purchases have a positive and significant …
Persistent link: https://www.econbiz.de/10014048823
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We extend the benchmark model of Aghion and Blanchard (1994), assuming two segments of the emerging private sector that differ in workers' productivity. We look at the paths of employment, wages, taxes, labor costs and profits during and after the transition, up until the shock is fully...
Persistent link: https://www.econbiz.de/10003339774
The credit union movement has experienced rapid growth across the United States in recent years. After the financial crisis of 2007-2008, US credit unions emerged more resolutely as trusted financial partners, able to maintain lending during the credit crunch and offering better loan and deposit...
Persistent link: https://www.econbiz.de/10012897766
On 15th November 2012 in Copenhagen, SUERF and Nykredit in association with Danmarks Nationalbank organised a conference on “Property prices and real estate financing in a turbulent world.” The papers included in this SUERF Study are based on contributions to the conference.
Persistent link: https://www.econbiz.de/10011689960
The U.S. mortgage market has experienced phenomenal change over the last 35 years. Most observers believe that the deregulation of the banking industry and financial markets generally has played an important part in this transformation. One issue that has received particular attention is the...
Persistent link: https://www.econbiz.de/10003713591
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