The short- and long-run relationship between house prices and bank credit in developed and emerging market economies: A comparative study

This study compares the short- and long-term relationships between house prices bank credit in developed Emerging Market Economies. fact is an essential issue because most financing facilitated by credit. Using quarterly data from 22 six Economies panel autoregressive distributed lag model method, this found that real are prominent factor of Moreover, magnitude gross domestic product relationship with considerably greater than nations. Meanwhile, foreign interest rate on nearly four times Further, exchange rate-credit positive for countries, whereas negative Therefore, authorities maintaining financial stability must pay close attention to price dynamics. also consider rates managing growth.