Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/191160 
Year of Publication: 
2016
Citation: 
[Journal:] Intereconomics [ISSN:] 1613-964X [Volume:] 51 [Issue:] 3 [Publisher:] Springer [Place:] Heidelberg [Year:] 2016 [Pages:] 146-154
Publisher: 
Springer, Heidelberg
Abstract: 
The existing literature on the role of international capital flows for housing markets can be classified into approaches which focus on the macro relationship between the current account and housing prices on the one hand and studies which specify more specific transmission channels on the other. Building on this literature, we conceptualise the role of international capital flows for housing markets via four central transmission channels. We suggest that by differentiating among these channels, the risk build-up potential of capital flows for housing markets can be evaluated more precisely than in the early literature on global imbalances.
Persistent Identifier of the first edition: 
Document Type: 
Article

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