| dc.contributor | 財管系 | en_US |
| dc.creator (作者) | 陳明吉 | zh_TW |
| dc.creator (作者) | Huang, Wei-Ling;An-Pin Wei;Chih-Yuan Yang;Ming-Chi Chen | en_US |
| dc.date (日期) | 2013 | en_US |
| dc.date.accessioned | 14-Nov-2014 18:17:31 (UTC+8) | - |
| dc.date.available | 14-Nov-2014 18:17:31 (UTC+8) | - |
| dc.date.issued (上傳時間) | 14-Nov-2014 18:17:31 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/71485 | - |
| dc.description.abstract (摘要) | 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. | en_US |
| dc.format.extent | 201272 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.language.iso | en_US | - |
| dc.relation (關聯) | Asian-Pacific Economic Literature, 27(2), 131-143 | en_US |
| dc.title (題名) | The Role of Market Imperfections in the Relationship between Housing Prices and Household Credit: Evidence from Taiwan | en_US |
| dc.type (資料類型) | article | en |
