Occasional Paper
Real Estate Booms and Banking Busts: An International Perspective
Author(s): Herring, Richard; Wachter, Susan
Year: 1999
Pages: 80
ISBN: 1-56708-108-8
The paper explores why the collapse of real estate booms is so often linked to crises in banking systems, and offers lessons for financial stresses that arise in any low-frequency asset bubble.
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