Holes in the Dike: The Global Savings Glut, U.S. Land Prices and the long Shadow of Banking Deregulation

Research Seminare

We explore empirically how capital inflows into the US and financial deregulation within the United States interacted in driving the run-up (and subsequent decline) in US housing prices over the period 1990-2010. To obtain an ex ante measure of financial liberalization, we focus on the history of interstate-banking deregulation during the 1980s, i.e. prior to the large net capital inflows into the US from China and other emerging economies. Our results suggest a long shadow of deregulation: in states that opened their banking markets to out-of-state banks earlier, house prices were more sensitive to capital inflows.

Personen

Prof. Dr.  Iryna  Stewen

Iryna Stewen // Johannes Gutenberg University Mainz

Zum Profil

Kontakt

Research Associate
Mathias Dolls
Zum Profil

Anfahrt

Adresse

maps

Klicken Sie auf den unteren Button, um den Inhalt nachzuladen. (Ich bin damit einverstanden, dass mir externe Inhalte angezeigt werden. Mehr dazu in unserer Datenschutzerklärung.)

,