Housing Price Bubbles and Credit Crunches: Recent Country Evidence
8 Pages Posted: 12 May 2010
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: 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
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