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Korea's development finance at the crossroads

In: The Global Financial Crisis and Housing

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  • Jae-young Son

Abstract

This innovative book analyses the role played by real estate markets in global financial stability and examines the fragile link between the two. Through what transmission channels do housing market cycles influence broader economic systems? How has the Global Financial Crisis shifted our view and understanding of these linkages? This detailed book answers these questions in an international comparative perspective. Specific topics covered include macroeconomic transmission channels of the housing cycle, the role of housing in the finance system, construction financing as a cycle amplifier, and various related public policy issues such as the policy remedies needed to deal with housing and mortgage-driven crises.

Suggested Citation

  • Jae-young Son, 2014. "Korea's development finance at the crossroads," Chapters, in: Susan Wachter & Man Cho & Moon Joong Tcha (ed.), The Global Financial Crisis and Housing, chapter 9, pages 208-228, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15685_9
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    File URL: https://www.elgaronline.com/view/9781783472871.00016.xml
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    Cited by:

    1. Kyung-Hwan Kim & Miseon Park, 2016. "Housing Policy in the Republic of Korea," Working Papers id:10751, eSocialSciences.

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    Keywords

    Economics and Finance;

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