It is well known that quantitative credit restrictions, rather than Bagehot-style ‘free lending' constituted the standard response to financial crises in the early days of central banking. But why did central banks in the past frequently restrict the supply of loans during financial crises? In...

This comprehensive and up-to-date collection of data on the Asian construction sector presents a unique guide to construction economics in the following countries: Australia, China Mainland, China Hong Kong, India, Indonesia, Japan, Korea, Malaysia

A nation's construction industry is essentially home grown, a derivative of its culture, history, geography and economic circumstances with every building or road a unique product, always a prototype, unlike the honed prototypes set up for efficient production runs of other industries. In terms...