• international comparison of bubbles and bubble indicators

    جزئیات بیشتر مقاله
    • تاریخ ارائه: 1392/07/24
    • تاریخ انتشار در تی پی بین: 1392/07/24
    • تعداد بازدید: 1017
    • تعداد پرسش و پاسخ ها: 0
    • شماره تماس دبیرخانه رویداد: -
     the purpose of this paper is to analyze the financial turmoil of the us subprime loan crisis of mid-noughties and to compare it with the japanese asset bubble of late 1980s. while examining the two crises, it compares the monetary policies of both countries, focusing on the excess liquidity and expansion of bank loans that were seen. this paper develops several bubble indicators, including the ratio of real estate loans to total loans, the loan-to-gdp ratio, and housing affordability. in order to develop these indicators, it is necessary to compare banking behavior in both japan and the united states, as banks in both countries were making loans beyond the point of profit maximization. property prices and monetary policy in both countries influenced banking behavior significantly. the bubble indicators developed in this paper can be used as early warning indicators for future bubbles.

سوال خود را در مورد این مقاله مطرح نمایید :

با انتخاب دکمه ثبت پرسش، موافقت خود را با قوانین انتشار محتوا در وبسایت تی پی بین اعلام می کنم
مقالات جدیدترین رویدادها