Munich Personal RePEc Archive

Financial Development and Capital Flows: An Application

Margaret, Davenport and Guido, Cozzi (2017): Financial Development and Capital Flows: An Application.

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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.

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