| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4783 |
| DP4783 The Missing Link: The Knowledge Filter and Entrepreneurship in Endogenous Growth | |
| David Audretsch; Pontus Braunerhjelm; Zoltán J Acs; Bo Carlsson | |
| 发表日期 | 2004-12-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | This Paper studies the relationship between residential property prices and lending in Hong Kong. This is an interesting topic for three reasons. First, swings in property prices have been extremely large and frequent in Hong Kong. Second, under the currency board regime, monetary policy cannot be used to guard against asset price swings. Third, despite the collapse in property prices since 1998, the banking sector remains sound. While the contemporaneous correlation between lending and property prices is large, our results suggest that the direction of influence goes from property prices to bank credit rather than conversely. |
| 主题 | Financial Economics ; International Macroeconomics |
| 关键词 | Property prices Bank lending Hong kong |
| URL | https://cepr.org/publications/dp4783 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533697 |
| 推荐引用方式 GB/T 7714 | David Audretsch,Pontus Braunerhjelm,Zoltán J Acs,et al. DP4783 The Missing Link: The Knowledge Filter and Entrepreneurship in Endogenous Growth. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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