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Can bank credit withstand falling house price in China?
This paper examines whether the falling house price causes credit risk or not in China. We note that bidirectional causal relationships exist in several sub-periods using sub-sample rolling window test. Our analysis confirms the option-based model (Foster & Van Order, 1984) that proves the falli...
| Autores principales: | , , , , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Elsevier Inc.
2021
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7498417/ http://dx.doi.org/10.1016/j.iref.2020.09.013 |