Asia's Financial Crisis and the Role of Real Estate
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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Land Price Ascent and Government Response in Japan
Explaining the BoomBust Cycle
Could a Real Estate Price Bubble Have Caused
of Unsold Apartments
Overcoming Financial Risks
A Real Estate Boom in a Protected
How Real Estate Contributed to the Thailand
Containing the Real Estate Boom
Housing as a Tool for Reviving the CrisisHit
Toward Efficiency and Stability
About the Editors and Contributors
Other editions - View all
annual Asia Asian countries Asian crisis Asian financial crisis asset price Bangkok Bank of Japan bubble buildings capital flows capitalization rate China commercial companies condominium corporate cost crises currency debt decline demand deregulation disaster myopia domestic economic crisis effect expected factors Figure financial institutions funds growth rate Hong Kong housing market impact income increase Indonesia industry inflation inflows interest rate investment investors Jakarta Korea land price land value Land Value Tax lenders lending macroeconomic major measures million mortgage office market office space percent period property market ratio real estate assets real estate boom real estate cycles real estate market real estate prices real estate sector region Renaud renminbi rent residential rise risk rupiah Shanghai Singapore square kilometers square meters stock market supply Taiwan Thai Thai baht Thailand tion Tokyo trend trillion yen U.S. dollars vacancy rate valuation volatility World Bank
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...