How to cite this paper
Nguyen, M., Xuan, P & Bui, T. (2020). Causal relationship between banking system development and real estate market.Management Science Letters , 10(1), 41-52.
References
Anundsen, A. K., & Jansen, E. S. (2013). Self-reinforcing effects between housing prices and cred-it. Journal of Housing Economics, 22(3), 192-212.
Bahmani-Oskooee, M., & Ghodsi, S. (2018). Asymmetric causality between the U.S. housing market and its stock market: Evidence from state level data. The Journal of Economic Asymmetries, 18, 1-8.
Batten, J., & Vo, X.V. (2016). Bank risk shifting and diversification in an emerging market. Risk Management, 18(4), 217-235.
Bolanos, E. R. L., Burneo, K., Galindo, H., & Berggrun, L. (2015). Emerging Markets Integration in Latin America (MILA) Stock market indicators: Chile, Colombia, and Peru. Journal of Economics, Finance and Administrative Science, 20(39), 74-83.
Cayon, E., Thorp, S., & Wu, E. (2017). Immunity and infection: Emerging and developed market sov-ereign spreads over the Global Financial Crisis. Emerging Markets Review, 34, 162-174.
Che, X., Li, B., Guo, K., & Wang, J. (2011). Property Prices and Bank Lending: Some Evidence from China’s Regional Financial Centres. Procedia Computer Science, 4, 1660-1667.
Dickey, D. A., & Fuller, W. A. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association, 74(366a), 427-431.
Ding, H., Chong, T. T. L., & Park, S. Y. (2014). Nonlinear dependence between stock and real estate markets in China. Economics Letters, 124(3), 526-529.
Gasparėnienė, L., Remeikienė, R., & Skuka, A. (2017). Assessment of the impact of macroeconomic factors on housing price level: Lithuanian Case. Intellectual Economics, 10(2), 122-127.
Gimeno, R., & Martinez-Carrascal, C. (2010). The relationship between house prices and house pur-chase loans: The Spanish case. Journal of Banking & Finance, 34(8), 1849-1855.
Godstein, M., Kaminsky, G. L., & Reinhart, M. (2000). Assessing financial vulnerability, an early warning system for emerging markets. Washington, DC: Institute for International Economics, 1-56.
Hott, C. (2011). Lending behavior and real estate prices. Journal of Banking & Finance, 35(9), 2429-2442.
Huang, D., Leung, C., & Qu, B. (2015). Do bank loans and local amenities explain Chinese urban house prices?. China Economic Review, 34, 19-38.
Hui, E., & Chan, K. (2014). The global financial crisis: Is there any contagion between real estate and equity markets?. Physica A, 405, 216-225.
Ibrahim, M. H. (2010). House price-stock price relations in Thailand: an empirical analy-sis. International Journal of Housing Markets and Analysis, 3(1), 69-82.
Ibrahim, M., & Law, S. (2014). House prices and bank credits in Malaysia: An aggregate and disaggregate analysis. Habitat International, 42, 111-120.
Kaminsky, G. L., & Reinhart, M. (1999). The twin crises: The causes of banking and balance of pay-ments problems. American Economic Review, 89(3), 473-500.
Kapopoulos, P., & Siokis, F. (2005). Stock and real estate price in Greece: wealth versus ‘credit-price’ effect, Applied Economics Letters, 12(2), 125-128.
Lambertini, L., Mendicino, C., & Punzi, M. (2017). Expectations-driven cycles in the housing market. Economic Modelling, 60, 297-312.
Lean, H. H., & Smyth, R. (2014). Dynamic interaction between house prices and stock prices in Ma-laysia. International Journal of Strategic Property Management, 18(2), 163-177.
Liang, Q., & Cao, H. (2007). Property prices and bank lending in China. Journal of Asian Econom-ics, 18(1), 63-75.
Lim, T. (2018). Growth, financial development, and housing booms. Economic Modelling, 69, 91-102.
Markowitz, H. (1952). Portfolio selection. Journal of Finance, 7(1), 77-91.
Pesaran, M., H., Shin, Y., & Smith, R. (2001). Bounds testing approaches to the analysis of level rela-tionship. Journal of Applied Econometrics, 16(3), 289-326.
Pradhan, R., Arvin, M., Hall, J., & Bahmani, S. (2014). Causal nexus between economic growth, banking sector development, stock market development, and other macroeconomic variables: The case of ASEAN countries. Review of Financial Economics, 23(4), 155-173.
Shen, C., Lee, Y., Wu, M., & Guo, N. (2016). Does housing boom lead to credit boom or is it the other way around? The case of China. International Review of Economics and Finance, 42, 349-367.
Tsai, I. (2015). Dynamic information transfer in the United States housing and stock markets. North American Journal of Economics and Finance, 34, 215-230.
Yunus, N. (2012). Modeling Relationships Among Securitized Property Markets, Stock Markets, and Macroeconomic Variables. Journal of Real Estate Research, 34(2), 127-156.
Wen, X., & He, L. (2015). Housing demand or money supply? A new Keynesian dynamic stochastic general equilibrium model on China’s housing market fluctuations. Physica A, 432, 257-268.
Zhang, H., Li, L., Hui, E., & Li, V. (2016). Comparisons of the relations between housing prices and the macroeconomy in China’s first-, second- and third-tier cities. Habitat International, 57, 24-42.
Zhao, S., Zhan, H., Jiang, Y., & Pan, W. (2017). How big is China’s real estate bubble and why hasn’t it burst yet?. Land Use Policy, 64, 153-162.
Bahmani-Oskooee, M., & Ghodsi, S. (2018). Asymmetric causality between the U.S. housing market and its stock market: Evidence from state level data. The Journal of Economic Asymmetries, 18, 1-8.
Batten, J., & Vo, X.V. (2016). Bank risk shifting and diversification in an emerging market. Risk Management, 18(4), 217-235.
Bolanos, E. R. L., Burneo, K., Galindo, H., & Berggrun, L. (2015). Emerging Markets Integration in Latin America (MILA) Stock market indicators: Chile, Colombia, and Peru. Journal of Economics, Finance and Administrative Science, 20(39), 74-83.
Cayon, E., Thorp, S., & Wu, E. (2017). Immunity and infection: Emerging and developed market sov-ereign spreads over the Global Financial Crisis. Emerging Markets Review, 34, 162-174.
Che, X., Li, B., Guo, K., & Wang, J. (2011). Property Prices and Bank Lending: Some Evidence from China’s Regional Financial Centres. Procedia Computer Science, 4, 1660-1667.
Dickey, D. A., & Fuller, W. A. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association, 74(366a), 427-431.
Ding, H., Chong, T. T. L., & Park, S. Y. (2014). Nonlinear dependence between stock and real estate markets in China. Economics Letters, 124(3), 526-529.
Gasparėnienė, L., Remeikienė, R., & Skuka, A. (2017). Assessment of the impact of macroeconomic factors on housing price level: Lithuanian Case. Intellectual Economics, 10(2), 122-127.
Gimeno, R., & Martinez-Carrascal, C. (2010). The relationship between house prices and house pur-chase loans: The Spanish case. Journal of Banking & Finance, 34(8), 1849-1855.
Godstein, M., Kaminsky, G. L., & Reinhart, M. (2000). Assessing financial vulnerability, an early warning system for emerging markets. Washington, DC: Institute for International Economics, 1-56.
Hott, C. (2011). Lending behavior and real estate prices. Journal of Banking & Finance, 35(9), 2429-2442.
Huang, D., Leung, C., & Qu, B. (2015). Do bank loans and local amenities explain Chinese urban house prices?. China Economic Review, 34, 19-38.
Hui, E., & Chan, K. (2014). The global financial crisis: Is there any contagion between real estate and equity markets?. Physica A, 405, 216-225.
Ibrahim, M. H. (2010). House price-stock price relations in Thailand: an empirical analy-sis. International Journal of Housing Markets and Analysis, 3(1), 69-82.
Ibrahim, M., & Law, S. (2014). House prices and bank credits in Malaysia: An aggregate and disaggregate analysis. Habitat International, 42, 111-120.
Kaminsky, G. L., & Reinhart, M. (1999). The twin crises: The causes of banking and balance of pay-ments problems. American Economic Review, 89(3), 473-500.
Kapopoulos, P., & Siokis, F. (2005). Stock and real estate price in Greece: wealth versus ‘credit-price’ effect, Applied Economics Letters, 12(2), 125-128.
Lambertini, L., Mendicino, C., & Punzi, M. (2017). Expectations-driven cycles in the housing market. Economic Modelling, 60, 297-312.
Lean, H. H., & Smyth, R. (2014). Dynamic interaction between house prices and stock prices in Ma-laysia. International Journal of Strategic Property Management, 18(2), 163-177.
Liang, Q., & Cao, H. (2007). Property prices and bank lending in China. Journal of Asian Econom-ics, 18(1), 63-75.
Lim, T. (2018). Growth, financial development, and housing booms. Economic Modelling, 69, 91-102.
Markowitz, H. (1952). Portfolio selection. Journal of Finance, 7(1), 77-91.
Pesaran, M., H., Shin, Y., & Smith, R. (2001). Bounds testing approaches to the analysis of level rela-tionship. Journal of Applied Econometrics, 16(3), 289-326.
Pradhan, R., Arvin, M., Hall, J., & Bahmani, S. (2014). Causal nexus between economic growth, banking sector development, stock market development, and other macroeconomic variables: The case of ASEAN countries. Review of Financial Economics, 23(4), 155-173.
Shen, C., Lee, Y., Wu, M., & Guo, N. (2016). Does housing boom lead to credit boom or is it the other way around? The case of China. International Review of Economics and Finance, 42, 349-367.
Tsai, I. (2015). Dynamic information transfer in the United States housing and stock markets. North American Journal of Economics and Finance, 34, 215-230.
Yunus, N. (2012). Modeling Relationships Among Securitized Property Markets, Stock Markets, and Macroeconomic Variables. Journal of Real Estate Research, 34(2), 127-156.
Wen, X., & He, L. (2015). Housing demand or money supply? A new Keynesian dynamic stochastic general equilibrium model on China’s housing market fluctuations. Physica A, 432, 257-268.
Zhang, H., Li, L., Hui, E., & Li, V. (2016). Comparisons of the relations between housing prices and the macroeconomy in China’s first-, second- and third-tier cities. Habitat International, 57, 24-42.
Zhao, S., Zhan, H., Jiang, Y., & Pan, W. (2017). How big is China’s real estate bubble and why hasn’t it burst yet?. Land Use Policy, 64, 153-162.