Monetary transmission mechanism of the housing market in Korea : A VECM approach

• Main Authors: Chua, Chia Yei, Nan, Zhen Sheng
• Other Authors: Chia Wai Mun
• Format: Final Year Project
• Language: English
• Published: 2013
• Subjects: DRNTU::Social sciences::Economic theory
• Online Access: http://hdl.handle.net/10356/52106
• Institution: Nanyang Technological University

The 2007 US subprime crisis had demonstrated that the impact of the housing market could be far-reaching. Most significantly, the catastrophe demonstrated that the housing sector forms an integral part of an economy and could definitely affect the economy drastically. In this paper, we investigate w...