Capital Inflow Shocks and House Prices: Aggregate and Regional Evidence from Korea
Over the course of the recent global financial crisis, emerging economies experienced massive swings in capital inflows. In this paper, we estimate a VAR model to assess the impact of capital inflow shocks, which are identified using a set of sign restrictions, on house prices in Korea. We base the...
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| Format: | Article |
| Language: | English |
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Korea Institute for International Economic Policy
2013-06-01
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| Series: | East Asian Economic Review |
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| Online Access: | http://dx.doi.org/10.11644/KIEP.JEAI.2013.17.2.262 |