We build a panel of 14 emerging economies to estimate the magnitude of housing, stock market, and money wealth effects … that: (i) wealth effects are statistically significant and relatively large in magnitude; (ii) housing wealth effects tend … countries; (iii) housing wealth effects have increased for Asian coutries in recent years; and (iv) consumption reacts stronger …

when the housing bubble was forming, and if Congress had not deregulated banking but had imposed tighter financial … standards, the housing boom and bust - and the subsequent financial crisis and recession - would have been averted. In this … policy. Concerning regulation, we find that the banking reform of the late 1990s had little effect on the housing boom and …