 | Global House Price Fluctuations: Synchronization and Determinants Author/Editor: Hideaki Hirata, M Ayhan Kose, Christopher Otrok, Marco Terrones. Release Date:February, 2013 We examine the properties of house price fluctuations across 18 advanced economies over the past 40 years. We ask two specific questions: First, how synchronized are housing cycles across these more...
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| Financial Crises Explanations, Types, and Implications Author/Editor: Stijn Claessens, M Ayhan Kose. Release Date:January, 2013 This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial more...
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| Regionalization vs. Globalization Author/Editor: Hideaki Hirata, M Ayhan Kose, Christopher Otrok. Release Date:January, 2013 Abstract: Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for more...
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