Internacional synchronicity of housing prices

While the synchronization of business cycles has been much studied in the literature, housing prices' synchronization has not. In this paper we study the determinants of the housing prices' synchronicity for a variety of advanced and emerging countries. In order to do so, we rely on Kaleml...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Jara,Alejandro, Romero,Nestor
Lenguaje:	English
Publicado:	ILADES. Universidad Alberto Hurtado. 2016
Materias:	Housing prices synchronicity banking integration
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-88702016000200005
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:scielo:S0718-88702016000200005
record_format	dspace
spelling	oai:scielo:S0718-887020160002000052016-11-16Internacional synchronicity of housing pricesJara,AlejandroRomero,Nestor Housing prices synchronicity banking integration While the synchronization of business cycles has been much studied in the literature, housing prices' synchronization has not. In this paper we study the determinants of the housing prices' synchronicity for a variety of advanced and emerging countries. In order to do so, we rely on Kalemli-Ozcan et al. (2009)'s definition of synchronicity and on the housing prices indexes provided by the Bank/or International Settlements (BIS) and other sources. In particular, we study the relationship of the housing prices' synchronicity and banking integration. Our finding show that, after controlling by macroeconomic and idiosyncratic factors, banking integration positively and significantly affects the synchronicity of housing prices. We also find that this effect is lost during the global financial crisis for the synchronicity between advanced countries, but it remains significant for the synchronicity between advanced and emerging economies.info:eu-repo/semantics/openAccessILADES. Universidad Alberto Hurtado.Revista de análisis económico v.31 n.2 20162016-10-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-88702016000200005en10.4067/S0718-88702016000200005
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Housing prices synchronicity banking integration
spellingShingle	Housing prices synchronicity banking integration Jara,Alejandro Romero,Nestor Internacional synchronicity of housing prices
description	While the synchronization of business cycles has been much studied in the literature, housing prices' synchronization has not. In this paper we study the determinants of the housing prices' synchronicity for a variety of advanced and emerging countries. In order to do so, we rely on Kalemli-Ozcan et al. (2009)'s definition of synchronicity and on the housing prices indexes provided by the Bank/or International Settlements (BIS) and other sources. In particular, we study the relationship of the housing prices' synchronicity and banking integration. Our finding show that, after controlling by macroeconomic and idiosyncratic factors, banking integration positively and significantly affects the synchronicity of housing prices. We also find that this effect is lost during the global financial crisis for the synchronicity between advanced countries, but it remains significant for the synchronicity between advanced and emerging economies.
author	Jara,Alejandro Romero,Nestor
author_facet	Jara,Alejandro Romero,Nestor
author_sort	Jara,Alejandro
title	Internacional synchronicity of housing prices
title_short	Internacional synchronicity of housing prices
title_full	Internacional synchronicity of housing prices
title_fullStr	Internacional synchronicity of housing prices
title_full_unstemmed	Internacional synchronicity of housing prices
title_sort	internacional synchronicity of housing prices
publisher	ILADES. Universidad Alberto Hurtado.
publishDate	2016
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-88702016000200005
work_keys_str_mv	AT jaraalejandro internacionalsynchronicityofhousingprices AT romeronestor internacionalsynchronicityofhousingprices
_version_	1714206214973292544

Internacional synchronicity of housing prices

Ejemplares similares