Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/324001 
Autor:innen: 
Erscheinungsjahr: 
2025
Verlag: 
Figshare, s.l.
Zusammenfassung: 
This paper synthesizes a review of the Malaysian housing market to identify its primary drivers, evaluate the effectiveness of its policy toolkit, and propose avenues for future research. Analysis of demand-side factors shows that real activity, income growth, and monetary conditions are key short-run drivers, while the exchange rate emerges as a particularly strong long-run influence due to imported input costs and its signaling of global financial conditions. The effectiveness of borrower-based macroprudential tools in mitigating credit-driven risks is also highlighted. On the supply side, localized overhang and limited developable land in urban nodes are identified as key challenges. The paper argues that effective policy requires strong coordination between demand-side management and structural supply reforms, with an emphasis on a risk-based approach to financial surveillance. It concludes by proposing high-value research, including state-level panel analysis, the use of satellite imagery to measure supply elasticity, microdata analysis of borrower behavior, and the development of a "house prices at risk" model to enhance policy calibration and communication.
Schlagwörter: 
Macroeconomic Determinants
House Prices
Article Review
JEL: 
R31
E44
G21
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
cc-by Logo
Dokumentart: 
Preprint

Datei(en):
Datei
Größe





Publikationen in EconStor sind urheberrechtlich geschützt.