Mandell, Svante; Song, Han-Suck; Warsame, Abukar; … - European Real Estate Society - ERES - 2011
the seemingly strong relationship between house prices and bank lending. Credit expansion may increase house prices and … higher house prices increases the wealth and, thereby, the bank lending. A better understanding of the interrelationship … between bank lending and house prices is important on a macro level, e.g., as it influences policy decisions geared towards …