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The structure of housing finance markets and house prices in Asia

Author

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  • Haibin Zhu

Abstract

Emerging Asia has witnessed rapid growth of private housing and market-based housing finance in the past decade; nevertheless, market development has been uneven across countries. There is evidence that, in those economies with more flexible housing finance markets, house prices are more responsive to overall changes in market conditions, particularly equity price movements. .

Suggested Citation

  • Haibin Zhu, 2006. "The structure of housing finance markets and house prices in Asia," BIS Quarterly Review, Bank for International Settlements, December.
  • Handle: RePEc:bis:bisqtr:0612g
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    References listed on IDEAS

    as
    1. Jacob Gyntelberg & Eli M Remolona, 2006. "Securitisation in Asia and the Pacific: implications for liquidity and credit risks," BIS Quarterly Review, Bank for International Settlements, June.
    2. Engle, Robert & Granger, Clive, 2015. "Co-integration and error correction: Representation, estimation, and testing," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 39(3), pages 106-135.
    3. Jacob Gyntelberg & Guonan Ma & Eli M Remolona, 2005. "Corporate bond markets in Asia," BIS Quarterly Review, Bank for International Settlements, December.
    4. Kostas Tsatsaronis & Haibin Zhu, 2004. "What drives housing price dynamics: cross-country evidence," BIS Quarterly Review, Bank for International Settlements, March.
    5. Eric Chan & Michael Davies & Jacob Gyntelberg, 2006. "The role of government-supported housing finance agencies in Asia," BIS Quarterly Review, Bank for International Settlements, December.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Tillmann, Peter, 2013. "Capital inflows and asset prices: Evidence from emerging Asia," Journal of Banking & Finance, Elsevier, vol. 37(3), pages 717-729.
    2. Warnock, Veronica Cacdac & Warnock, Francis E., 2008. "Markets and housing finance," Journal of Housing Economics, Elsevier, vol. 17(3), pages 239-251, September.
    3. repec:aes:amfeco:v:46:y:2017:i:19:p:682 is not listed on IDEAS
    4. Coskun, Yener, 2011. "Does re-design of the policies on housing finance and supply help to solve housing question of Turkey?," MPRA Paper 31729, University Library of Munich, Germany.
    5. Agustín S. Bénétrix & Barry Eichengreen & Kevin H. O'Rourke, 2012. "How housing slumps end," Economic Policy, CEPR;CES;MSH, vol. 27(72), pages 647-692, October.
    6. Tae Soo Kang & Guonan Ma, 2007. "Recent episodes of credit card distress in Asia," BIS Quarterly Review, Bank for International Settlements, June.
    7. Frank Packer & Timothy Riddiough & Jimmy Shek, 2014. "A Global Tour of Commercial Property and REIT Markets," International Real Estate Review, Asian Real Estate Society, vol. 17(2), pages 241-274.
    8. Palanisamy, Saravanan & Ramamoorthy, Nagarajan, 2007. "Housing Finance System in India and China - An Exploratory Investigation," MPRA Paper 6454, University Library of Munich, Germany.
    9. World Bank, "undated". "World Bank East Asia and Pacific Economic Update 2011, Volume 1 : Securing the Present, Shaping the Future," World Bank Other Operational Studies 14713, The World Bank.
    10. International Monetary Fund, 2007. "Republic of Korea; Selected Issues," IMF Staff Country Reports 07/345, International Monetary Fund.
    11. Eric Chan & Michael Davies & Jacob Gyntelberg, 2006. "The role of government-supported housing finance agencies in Asia," BIS Quarterly Review, Bank for International Settlements, December.

    More about this item

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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