Houses as Collateral and Household Debt Deleveraging in Korea
As Korea’s household debt has increased rapidly since the mid-2000s, concerns that its economy’s hard-wired leveraging may negatively impact economic activity have grown. Calls are being made for policy actions to return the economy to its long-run trend. Housing preferences and monetary shocks can...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
De Gruyter
2021-06-01
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| Series: | Economics : the Open-Access, Open-Assessment e-Journal |
| Subjects: | |
| Online Access: | https://doi.org/10.1515/econ-2021-0002 |