emergence of future housing bubbles. Case studies of the recent housing bubbles in the United States and Spain are also featured …“This book provides an accessible, yet formal framework to understand how housing bubbles arise, their international … and valuable set of policy orientations.” Óscar Arce, Director General, Banco de España, Madrid, Spain Booms and busts of …

Foreign real estate investment in Spain has grown considerably during the last decade, representing around 40% of total … and contributing significantly to finance the rising current account deficit.Foreign real estate investment in Spain is … of foreign real estate investment for Spain from the point of view of a demand for tourism services and from a financial …

Spain's economic expansion and social modernization ended abruptly in 2008 when the turbulence of the US economy spread … to international financial markets. This chapter analyses the impact of the international crisis in Spain, where the … problems were to be deeper and longer-lasting, given the large imbalances accumulated. Spain's membership in the EMU is …