Emerging market economies are fertile ground for the development of real estate and other financial bubbles. Despite … value in the developed world. Bubbles are beneficial because they provide domestic stores of value and thereby reduce … capital flow reversals. We show that domestic financial underdevelopment not only facilitates the emergence of bubbles, but …

reduce their investment. This is the "Loanable Funds" theory. Ben Bernanke's "Global Saving Glut" thesis is based on this … "Loanable Funds"-Theorie. Auch Ben Bernankes "Saving Glut"-Theorie basiert auf dieser Sicht. Nach Bernanke hingen die USA zur …

“This book provides an accessible, yet formal framework to understand how housing bubbles arise, their international … blends, in a very rigorous but enjoyable manner , state-of-the-art theory and historical examples, adding also a very timely … economic consequences of these housing bubbles. The book starts with a formal definition of asset price bubbles and a summary …

This paper provides new empirical evidence on housing bubble timing, volatility spillover, and bubble contagion between … housing prices. Second, we analyze the volatility spillover in housing prices between Japan and its economic partners using …'s housing market. Moreover, we find evidence of volatility spillover effects and bubble contagion between Japan's real estate …