Fan, Jiaojiao; Li, Xin; Shi, Qinghua; Su, Chi-Wei - In: China Finance Review International 8 (2018) 1, pp. 92-108
Purpose: The purpose of this paper is to examine the causal relationship between Chinese housing and stock markets. The authors discuss the three transmission mechanisms between the two markets: wealth effect, modern portfolio theory and credit-price effect. Moreover, the authors focus on the...