Chinas Real Estate Bubble and Credit Risk Management

摘要：

Real estate price in China has increased greatly with occasional fluctuations during these years and houses are saled in some cities is obviously overcharged, therefore Chinas real estate market has a bubble. Since the accumulating process of real estate bubble has different effects on economy, by dividing the growth of real estate bubble into three stages, this paper found out the different linkage mechanism between real estate price and CPI, M2 in different stages. Furthermore analysis the corresponding credit risk of financial institutions. Then we use the 1996-2010February data proved our country is in the second stage and should be vigilant to the credit risk brought by real estate bubble and then put forward countermeasures according to the cause of bubble.

关键词： real estate bubble house price credit risk management

作者: ZHANG Shitong WU Yanyan QU Xiaoyan

作者单位: Department of National Economy, School of Economy, Renmin University of China,Beijing, China 100872 Department of National Economy, School of Economy,Renmin University of China, Beijing, China 100872 Department of National Economy, School of Economy, Renmin University of China, Beijing, China 100872

会议类型: 国际会议

会议名称: 2010 International Conference on Risk and Reliability Management(2010年风险与可靠性管理国际会议RRM 2010)

会议地点: 北京

会议语种:英文

页码: 321-327

在线出版日期: 2010-10-23（万方平台首次上网日期，不代表论文的发表时间）