Housing Bubble

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Bubbles in Real Estate Markets

15 pages, 59.9 KB

Richard Herring, Susan Wachter

University of Pennsylvania, March 2002

A paper Prepared for the Federal Reserve Bank of Chicago and World Bank Group’s Conference on “Asset Price Bubbles: Implications for Monetary, Regulatory, and International Policies”.

Examines the correlation between real estate bubbles and banking crises. Considers the consequences for the real economy.