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Asset price declines and real estate market illiquidity: evidence from Japanese land values. (2005). Yamori, Nobuyoshi ; Spiegel, Mark ; Krainer, John.
In: Working Paper Series.
RePEc:fip:fedfwp:2004-16.

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Cited: 5

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Cites: 20

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  1. The role of market imperfections in the relationship between housing prices and household credit: Evidence from Taiwan. (2013). Wei, An-Pin ; Huang, Wei-Ling ; Chen, Ming-Chi ; Yang, Chih-Yuan .
    In: Asian-Pacific Economic Literature.
    RePEc:bla:apacel:v:27:y:2013:i:2:p:131-143.

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  2. Determinants of house prices in nine Asia-Pacific economies. (2010). Glindro, Eloisa T ; Subhanij, Tientip ; Szeto, Jessica ; Zhu, Haibin .
    In: BIS Papers chapters.
    RePEc:bis:bisbpc:52-20.

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  3. Time Variation of Liquidity in the Private Real Estate Market: An Empirical Investigation. (2008). Peng, Liang ; MacKinnon, Greg ; Clayton, Jim .
    In: Journal of Real Estate Research.
    RePEc:jre:issued:v:30:n:2:2008:p:125-160.

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  4. Are Asia-Pacific Housing Prices Too High For Comfort?. (2008). Glindro, Eloisa T ; Subhanij, Tientip ; Szeto, Jessica ; Zhu, Haibin .
    In: Working Papers.
    RePEc:bth:wpaper:2008-11.

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  5. Determinants of house prices in nine Asia-Pacific economies. (2008). Glindro, Eloisa T ; Subhanij, Sahminan Tientip ; Szeto, Sahminan Jessica ; Zhu, Sahminan Haibin.
    In: BIS Working Papers.
    RePEc:bis:biswps:263.

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References

References cited by this document

  1. Capozza, D. R., P. H. Hendershott, and C. Mack, 2004. âAn Anatomy of Price Dynamics in Illiquid Markets: Analysis and Evidence from Local Housing Markets.â Real Estate Economics. 32(1): 1-32.

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  10. Kelly, D., and LeRoy, S., 2003. âLiquidity and Liquidation.â Working paper, University of California at Santa Barbara.

  11. Kiyotaki, N. and Moore, J., 1996. âCredit Cycles.â Journal of Political Economy. 105, 211-248.
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  12. Krainer, J., 2001. âA Theory of Liquidity in Residential Real Estate Markets.â Journal of Urban Economics. 49: 32-53.

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  18. Shleifer, A., and Vishny, R., 1992. âLiquidation Values and Debt Capacity.â Journal of Finance. 47: 1343-1366.
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  19. Stein, J., 1995. âPrices and Trading Volume in the Housing Market: A Model with Downpayment Effects.â Quarterly Journal of Economics. 110: 379-406.

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