政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/71485
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113318/144297 (79%)
Visitors : 51041901      Online Users : 903
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/71485


    Title: The Role of Market Imperfections in the Relationship between Housing Prices and Household Credit: Evidence from Taiwan
    Authors: 陳明吉
    Huang, Wei-Ling;An-Pin Wei;Chih-Yuan Yang;Ming-Chi Chen
    Contributors: 財管系
    Date: 2013
    Issue Date: 2014-11-14 18:17:31 (UTC+8)
    Abstract: Given the credit market imperfections in Taiwan, this paper examines the threshold effects in the adjustment towards the long-run equilibrium relationship between housing prices and household credit. The empirical findings verify the potential for regime shifts in the dynamically adjusted relationship between housing prices and household credit. Only when the benefits cover the cost of market imperfections, do housing and credit markets trigger convergence to their long-run equilibrium. The hidden effect of the limitations on housing and credit markets is to raise the thresholds of the self-adjustment mechanisms. As a result, economic boom-bust cycles will be more severe and increase the fragility of financial sectors.
    Relation: Asian-Pacific Economic Literature, 27(2), 131-143
    Data Type: article
    Appears in Collections:[Department of Statistics] Periodical Articles

    Files in This Item:

    File Description SizeFormat
    131-143.pdf196KbAdobe PDF2977View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback