Conceptualising the Role of International Capital Flows for Housing Markets
| Autor: | Johannes-Gabriel Werner, Michael Richter |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
Kapitalmobilität
Transmission channel Wohnungsmarkt business.industry Economics Econometrics and Finance (miscellaneous) Global imbalances International trade Current account International economics Immobilienfinanzierung International capital European integration ddc:330 Economics Business Management and Accounting (miscellaneous) Macro business Capital market Social policy |
| Zdroj: | Intereconomics. 51:146-154 |
| ISSN: | 1613-964X 0020-5346 |
| Popis: | The existing literature on the role of international capital flows for housing markets can be classified into approaches which focus on the macro relationship between the current account and housing prices on the one hand and studies which specify more specific transmission channels on the other. Building on this literature, we conceptualise the role of international capital flows for housing markets via four central transmission channels. We suggest that by differentiating among these channels, the risk build-up potential of capital flows for housing markets can be evaluated more precisely than in the early literature on global imbalances. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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