Influences of Real Estate Prices on Domestic Bank Loans in Southeast Asia
Influences of Real Estate Prices on Domestic Bank Loans in Southeast Asia
复制标题
东南亚房地产价格对国内银行贷款的影响
DOI：
10.1111/j.1467-8411.2011.01308.x
复制
发表时间：
2011
影响因子：
1
通讯作者：
猪口真大
中科院分区：
文献类型：
--
作者：
中尾田宏;福田祐一;中尾田宏;猪口真大
本研究考察了1997-98年亚洲金融危机前后马来西亚、新加坡和泰国的真实的房地产价格波动是否以及如何影响银行贷款。自危机爆发以来，有人声称作为抵押品的真实的房地产价格的涨跌影响了这些东南亚国家的银行贷款和宏观经济。本研究建立了一个银行贷款的动态模型，并利用国内银行资产负债表的面板数据进行了检验，以估计真实的房地产价格对这三个国家银行新增贷款的影响。该研究还审查了这些国家真实的房地产作为银行贷款抵押品的条件。回归结果表明，真实的房地产价格的波动会影响国内银行的贷款，而且确实如此，特别是在新加坡和泰国发生危机之后，这些国家的国内银行贷款行为在危机之后发生了变化。
This study examines whether and how fluctuations in real estate prices affected bank lending in Malaysia, Singapore, and Thailand before and after the 1997–98 Asian financial crisis. Since the crisis, it has been claimed that the rise and fall in the price of real estate, which is used as collateral, affected bank lending and the macroeconomy in these Southeast Asian countries. The study implements a dynamic model of bank lending and employs a test using the panel data of domestic bank balance sheets in order to estimate the influence of real estate prices on new bank lending in the three countries. The study also examines the conditions surrounding the role of real estate as collateral for bank loans in the countries. The regression results suggest that fluctuations in real estate prices can influence domestic bank lending and did so, especially after the crisis in Singapore and Thailand, and that domestic bank lending behaviour in these countries changed after the crisis.