Housing Price Bubbles and Credit Crunches: Recent Country Evidence

8 Pages Posted: 12 May 2010

See all articles by Jose M. Pastor

Jose M. Pastor

University of Valencia - Department of Economic Analysis

Javier Quesada

affiliation not provided to SSRN

Lorenzo Serrano

University of Valencia; Universidad de Alicante - Valencian Institute of Economic Studies

Date Written: April 1, 2010

Abstract

The recent financial turbulences, which started in the US in August 2007, have affected the credit market in many countries around the world.We have chosen some countries with and without a previous housing price bubble so as to check if the presence of a former real asset price hike matters in the magnitude of the subsequent credit crunch that followed after.

Keywords: Financial crisis, Real estate prices,Credit crunch

JEL Classification: G01, R20, E44

Suggested Citation

Pastor, Jose M. and Quesada, Javier and Serrano, Lorenzo, Housing Price Bubbles and Credit Crunches: Recent Country Evidence (April 1, 2010). Bancaria No. Special Issue No. 03-2010, Available at SSRN: https://ssrn.com/abstract=1603785

Jose M. Pastor (Contact Author)

University of Valencia - Department of Economic Analysis ( email )

Campus de los Naranjos
46022 Valencia
Spain

HOME PAGE: http://www.uv.es/jmpastor

Javier Quesada

affiliation not provided to SSRN ( email )

Lorenzo Serrano

University of Valencia ( email )

Avda. de los Naranjos s/n
Valencia, Valencia E-46022
Spain

Universidad de Alicante - Valencian Institute of Economic Studies

03071 Alicante, sn 46022 E
Spain

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