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Zur Finanzmarktkrise: Die Rolle der Immobilienbewertung

Author

Listed:
  • Oliver Arentz
  • Johann Eekhoff
  • Christine Arentz

Abstract

Finanzmarktkrisen entstehen häufig in Folge von Immobilienpreisblasen. In dieser Arbeit wird die Entstehung von Immobilienpreisblasen unter Berücksichtigung der spezifischen Eigenschaften von Immobilienmärkten sowie von Wechselwirkungen zwischen Immobilien- und Finanzmärkten untersucht und anhand der Finanzmarktkrisen in Japan Anfang der 1990er Jahre und in den USA in den letzten Jahren illustriert. Verschiedene Immobilienwertbegriffe und einfache Indikatoren zur frühzeitigen Erkennung von Immobilienpreisblasen sowie mögliche wirtschaftspolitische Schlussfolgerungen werden kritisch diskutiert.

Suggested Citation

  • Oliver Arentz & Johann Eekhoff & Christine Arentz, 2010. "Zur Finanzmarktkrise: Die Rolle der Immobilienbewertung," IWP Discussion Paper Series 01/2010, Institute for Economic Policy, Cologne, Germany.
    • Handle: RePEc:kln:iwpdip:dp01/10
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    File URL: http://www.iwp.uni-koeln.de/fileadmin/contents/dateiliste_iwp-website/publikationen/DP/IWP_DP_01_2010.pdf
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    References listed on IDEAS

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    Cited by:

    1. Andreas Rienow & Dirk Stenger, 2014. "Geosimulation of urban growth and demographic decline in the Ruhr: a case study for 2025 using the artificial intelligence of cells and agents," Journal of Geographical Systems, Springer, vol. 16(3), pages 311-342, July.

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    More about this item

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy

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