Asia's Financial Crisis and the Role of Real Estate

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M.E. Sharpe, 2000 - Business & Economics - 298 pages
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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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Contents

Land Price Ascent and Government Response in Japan
27
Explaining the BoomBust Cycle
65
Percentage Change
68
Could a Real Estate Price Bubble Have Caused
99
of Unsold Apartments
102
Overcoming Financial Risks
139
A Real Estate Boom in a Protected
159
How Real Estate Contributed to the Thailand
183
Containing the Real Estate Boom
209
Housing as a Tool for Reviving the CrisisHit
243
Toward Efficiency and Stability
277
About the Editors and Contributors
291
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Page 290 - Planning in the School of Policy, Planning, and Development at the University of Southern California.
Page 290 - Chairman of the Department of Real Estate and Urban Land Economics at the University of Wisconsin and had an international reputation as an expert in real estate analysis and appraisal. He was revered by his students. who affectionately called him "Chief...

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About the author (2000)

Mera is Research Professor with the School of Policy, Planning, and Development at the University of Southern California, Los Angeles.

Renaud is Advisor with the Capital Markets Development Department of the World Bank, Washington, DC.

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