Real Estate Bubbles and Urban Development

Real estate booms have regularly occurred throughout the world, leaving painful busts and financial crises in their wake. Real estate is a natural investment for more passive debt investors, including banks, because real estate's flexibility makes it a better source of collateral than productio...

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Bibliographic Details
Main Author: Edward L. Glaeser
Format: Article
Language:English
Published: The MIT Press 2017-08-01
Series:Asian Development Review
Subjects:
Online Access:https://www.mitpressjournals.org/doi/pdf/10.1162/adev_a_00097