Cause Analysis and Early Warning System of Real Estate Bubble

摘要：

From the previous two financial crises caused by real estate bubble crashes, this paper puts forward four causes of real estate bubble: psychological expectations of investors, the herding effect, the unsoundness of banking systems, the financial liberalizations and national macro economic policy. By analyzing the formation of Japanese price asset bubble, this paper proposes an early warning system to avoid the occurrence of real estate bubble, specifically choosing house and land prices, vacancy rate of commercial houses, interest rate of mortgage rate and invest proportion of foreign capital as crucial factors.

关键词： real estate bubble course early warning system

作者: Bo Wang Yiben Jin

作者单位: International Business School, Shanghai Institute of Foreign Trade, Shanghai, 201620, China

会议类型: 国际会议

会议名称: 第八届武汉电子商务国际会议(The Eighth Wuhan International Conference on E-Business)

会议地点: 武汉

会议语种:英文

页码: 1484-1488

在线出版日期: 2009-05-30（万方平台首次上网日期，不代表论文的发表时间）