Asia's Financial Crisis and the Role of Real Estate
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What role did real estate play in causing and exacerbating the Asian financial crisis? This study shows its role in inducing the crisis; its linkage to the general economy; the reasons for real estate booms and busts; and the economic costs of real estate price volatility. This book by a distinguished academic and a professional economist from the World Bank clearly demonstrates the significant role played by the real estate sector in inducing the Asian crisis; the linkage of the real estate sector to the general economy; the causes of real estate booms and subsequent busts; and the economic costs of real estate price volatility. The book also includes suggestions for moderating such volatility in the future.
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Beschrijving
(1)
What role did real estate play in causing and exacerbating the Asian financial crisis? This study shows its role in inducing the crisis; its linkage to the general economy; the reasons for real estate booms and busts; and the economic costs of real estate price volatility. This book by a distinguished academic and a professional economist from the World Bank clearly demonstrates the significant role played by the real estate sector in inducing the Asian crisis; the linkage of the real estate sector to the general economy; the causes of real estate booms and subsequent busts; and the economic costs of real estate price volatility. The book also includes suggestions for moderating such volatility in the future.
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