Dynamics of housing markets

• Main Author: Tay, Darrell Jiajie
• Other Authors: Cheong Siew Ann
• Format: Theses and Dissertations
• Language: English
• Published: 2018
• Subjects: DRNTU::Science::Economic theory
• Online Access: http://hdl.handle.net/10356/73251
• Institution: Nanyang Technological University

It is known that contagion from housing markets crashes can cause large financial catastrophes such as the United States Subprime Mortgage Crisis leading to the Global Financial Crisis. Furthermore, housing markets are illiquid, making their recovery from crashes slower. While reviewing previous wor...