Twin Peaks in Equity and Housing Prices

By C. Borio, P. McGuire. 2004

127 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/6fc59611911f93e4e11265ea36a76e52c745efdc

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

1. M. Juselius
2. Haibin Zhu
3. Kostas Tsatsaronis
4. C. Borio
5. Mathias Drehmann

Citations in the corpus

• Assessing the Risk of Banking Crises – Revisited (2009, background): “In sample, equity prices typically peaked two years before property prices (BIS (1993), Borio and McGuire (2004)).”
• Evaluating early warning indicators of banking crises: Satisfying policy requirements (2014, background): “This is unsurprising, given previous research showing that property prices peak well ahead of crises (Borio and McGuire (2004)).”
• What Can (Macro-) Prudential Policy do to Support Monetary Policy? (2007, unknown): “In part, this may result from the historically close correlation between the two asset classes, with booms and busts being temporally close and with peaks in equity prices tending to lead those in real estate prices by about a couple of years (Borio and McGuire (2004)).”
• Monetary and Prudential Policies at a Crossroads? New Challenges in the New Century (2006, background): “In part, this may result from the historically close correlation between the two asset classes, with booms and busts being temporally close and with peaks in equity prices tending to lead those in real estate prices by about a couple of years (Borio and McGuire (2004)).”
• Booms and Busts in Housing Markets: Determinants and Implications (2009, unknown): “Borio C. and McGuire (2004). Twin peaks in equity and housing prices? BIS Quarterly Review, March, pp.”
• The Financial Turmoil of 2007-?: A Preliminary Assessment and Some Policy Considerations (2008, unknown): “In contrast to, say, equity prices, property prices exhibit considerable inertia (“positive serial correlation”), over and above their dependence on macroeconomic conditions [eg Borio and McGuire (2004), Zhu (2005), Davis and Zhu (2004)].”
• House price cycles in emerging economies (2015, unknown): “Finally, it is well documented that house prices tend to co-move with other asset prices, primarily stock market valuations (Sutton, 2002; Borio and McGuire, 2004), as they represent one of the viable investment destinations for private wealth.”
• A Framework for Assessing Global Imbalances (2008, unknown): “Similar fi ndings are presented in a BIS study by Borio and McGuire (2004).”
• What drives housing price dynamics: cross-country evidence (2004, background): “3 For a more detailed analysis and discussion of the relationship between the turning points in the price cycles of equity and real estate markets, see Borio and McGuire (2004).”