文献类型：会议论文

英文题名：The impact of price fluctuation in real estate on the regional financial stabilty: Evidence from Shanghai

作者：She, Jinfeng; Tang, Bingyong

机构：[1]Donghua Univ, Glorious Sun Sch Business & Management, E China Univ Sci & Technol, Sch Business, Shanghai, Peoples R China

会议论文集：International Conference on Construction and Real Estate Management

会议日期：AUG 21-22, 2007

会议地点：Bristol, ENGLAND

语种：英文

外文关键词：real estate; price fluctuation; financial stability

摘要：In China, real estate and financial stability are closely interrelated. 'Me main funds source of the real estate industry comes from bank loans. Moreover, with the development of the real estate, the extent of participation of banks in the real estate industry increases rapidly. Due to the objectivity of financial risks in the real estate risk and the frangibility of financial structures whose main body is indirect financing, the fluctuation in property prices has the great impact on the stability of financial system. The price fluctuation in real estate affects the stability of financial system mainly through credit risk exposure and consump Lion and investment behavior of economic subject. In this paper, the mechanism price fluctuations in the real estate how to affect the stability of financial system are firstly analyzed. Then, fluctuations in property price in Shanghai of recent years, and its impact on shanghai financial stability are analyzed. Finally, feasible measures on how to guard against the impact of price fluctuations on the financial stability are proposed.