Financial Development and Capital Flows: An Application

Margaret Davenport and Guido Cozzi

MPRA Paper from University Library of Munich, Germany

Abstract: Could China's Property Law Reform of 2007 have induced the housing market value drop that preluded the 2007-2008 subprime crisis? We show how a well-known stylized global model may suggest a positive answer.

Keywords: Global Imbalances; Financial development; China's Property Reform (search for similar items in EconPapers)
JEL-codes: E44 F21 F32 F4 (search for similar items in EconPapers)
Date: 2017-06-30
New Economics Papers: this item is included in nep-mac and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:79965

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