The 1985-94 Global Real Estate Cycle: Its Causes and Consequences

44 Pages Posted: 20 Apr 2016

See all articles by Bertrand Renaud

Bertrand Renaud

University of California, Berkeley

Date Written: November 30, 1999

Abstract

The rapid emergence of a global financial system in the late 1980s was signaled in the real estate sector of most OECD countries and some middle-income NIE countries by unusually strong booms followed by exceptionally sharp, protracted real estate bursts. Can we draw any lessons by probing the unappealing triology of "bad luck, bad policy, and bad banking that has affected the sector?"

Suggested Citation

Renaud, Bertrand, The 1985-94 Global Real Estate Cycle: Its Causes and Consequences (November 30, 1999). World Bank Policy Research Working Paper No. 1452. Available at SSRN: https://ssrn.com/abstract=636174

Bertrand Renaud (Contact Author)

University of California, Berkeley ( email )

310 Barrows Hall
Berkeley, CA 94720
United States

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