Bank Lending Effect on German Commercial Property Prices

This paper analyzes the effects of bank lending on German commercial property prices. The theory on therole of financial intermediaries in business cycle activity states that lending activity is characterized byasymmetric information between borrowers and lenders. Unlike other previousempirical results in commercial real estate literature, our main results show a weak negative correlationbetween growth in property prices and growth in credit, especially at the regional level...

MoreLess

Year of publication:	2008-07-09
Authors:	Gruber, Johann ; Lee, Gabriel S.
Institutions:	Institut für Immobilienwirtschaft <Regensburg>
Subject:	Bankgeschäft \| banking \| Sicherheit \| Eigenkapital

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	221184 bytes 22 p. application/pdf
Series:	Universitätbibliothek Regensburg - Publikationen RegensburgerDISKUSSIONSBEITRÄGEzur Wirtschaftswissenschaft ; Nr. 428
Type of publication:	Book / Working Paper
Language:	English
Classification:	C53 - Forecasting and Other Model Applications ; R33 - Nonagricultural and Nonresidential Real Estate Markets ; Real estate. Moveable property ; Individual Working Papers, Preprints ; GERMANY
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10009353979