Current account patterns and national real estate markets

By Joshua Aizenman, Y. Jinjarak. 2008

248 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/f471f2ea0bda370647da4185ea57b6bbecabcb20

Citations in the corpus

• The global credit boom: Challenges for macroeconomics and policy (2009, unknown): “…we have identiftied the channelling of a large part of the credit growth into asset markets, notably housing, and demand spillovers driving external imbalances are consistent with previous work by Aizenman and Jinjarak (2008) showing a link between current account balances and real estate markets.”
• Do Surges in International Capital Inflows Influence the Likelihood of Banking Crises?: Cross-Country Evidence on Bonanzas in Capital Inflows and Bonanza-Boom-Bust Cycles (2012, unknown): “Aizenman and Jinjarak (2009) and Sá et al. (2011) report a positive association between current account deficits (i.e. net capital inflows) and appreciation of real state prices.”
• Global Imbalances and the Financial Crisis: Link or No Link? (2011, unknown): “This line of reasoning is echoed in studies that examine the relationship between housing booms and current account deficits, which implicitly views the deficits as increasing the availability of foreign funds to finance domestic borrowing (eg Sá et al (2011), Aizenman and Jinjarak (2008)).”
• A Forensic Analysis of Global Imbalances (2011, unknown): “As many researchers have focused on the impact of the housing markets on current account balances (such as Aizenman and Jinjarak, 2009 and Fratzscher and Straub, 2009), asset market booms can attract capital inflows, thus worsening current account balances, through increasing perceived levels of…”
• Global Liquidity, House Prices, and the Macroeconomy: Evidence from Advanced and Emerging Economies (2015, unknown): “Similarly, using a panel data of both advanced and emerging economies, Aizenman and Jinjarak (2009) find that lagged changes in current account deficits are associated with an appreciation of real house prices.”
• Monetary Policy in Emerging Markets (2010, unknown): “54 Caballero and Krishnamurthy (2006), Edison, Luangaram, and Miller (2000), Aizenman and Jinjarak (2009) and Mendoza and Terrones (2008) explore how credit booms lead to rising asset prices in emerging markets, often preceded by capital inflows and followed by financial crises. inflation.”
• International Capital Flows and House Prices: Theory and Evidence (2012, unknown): “Using data that ends before the bust , Aizenman and Jinjarak ( 2009 ) provide a precise estimate of the relationship between house prices and external imbalances : a one standard deviation increase in lagged current account de…cits is associated with a 10% appreciation of real estate prices .”