This paper is concentrated on analyzing the CEE (Central and Eastern European) countries housing and lending market development in 2002-2009. These countries experienced real estate boom and bust phases during that ...This paper is concentrated on analyzing the CEE (Central and Eastern European) countries housing and lending market development in 2002-2009. These countries experienced real estate boom and bust phases during that time and the aim of this paper is to understand which of these countries have the greatest potential for housing market recovery. The study has conducted comparable analysis of these countries and their real estate and lending market. The data was collected from central banks, national statistic offices and real estate companies. The results suggest that countries with higher housing debt had stronger real estate booms and the current bust-cycle has caused much steeper decline in prices. This paper attempts to look at the CEE housing markets from the developer's or investor's point of view and may be useful for banks and other financial institutions which are related to housing market and lending.展开更多
Since 2010, there has been renewed discussion on China's economic future. After 30 years of breakneck economic growth, China's position in the world economy is more important than ever and people must understand how...Since 2010, there has been renewed discussion on China's economic future. After 30 years of breakneck economic growth, China's position in the world economy is more important than ever and people must understand how China's economic dominance will change the world economy. Some economists who are bearish about China's future believe that China's growth engine will lose fire in the next two or three years. To address their predictions about China's future, the author will address three themes: (11) Why did China manage to grow so rapidly? (2) How long will China keep growing? (3) Can China's economy keep growing in the future? By analyzing the theory of inadequate consumer demand in China and by evaluating the general patterns of China's basic advantages in education, technology and human capital and industrial upgrading, the author explicitly argue why it is unlikely for China to fall into the "middle-income trap. "展开更多
文摘This paper is concentrated on analyzing the CEE (Central and Eastern European) countries housing and lending market development in 2002-2009. These countries experienced real estate boom and bust phases during that time and the aim of this paper is to understand which of these countries have the greatest potential for housing market recovery. The study has conducted comparable analysis of these countries and their real estate and lending market. The data was collected from central banks, national statistic offices and real estate companies. The results suggest that countries with higher housing debt had stronger real estate booms and the current bust-cycle has caused much steeper decline in prices. This paper attempts to look at the CEE housing markets from the developer's or investor's point of view and may be useful for banks and other financial institutions which are related to housing market and lending.
文摘Since 2010, there has been renewed discussion on China's economic future. After 30 years of breakneck economic growth, China's position in the world economy is more important than ever and people must understand how China's economic dominance will change the world economy. Some economists who are bearish about China's future believe that China's growth engine will lose fire in the next two or three years. To address their predictions about China's future, the author will address three themes: (11) Why did China manage to grow so rapidly? (2) How long will China keep growing? (3) Can China's economy keep growing in the future? By analyzing the theory of inadequate consumer demand in China and by evaluating the general patterns of China's basic advantages in education, technology and human capital and industrial upgrading, the author explicitly argue why it is unlikely for China to fall into the "middle-income trap. "