주택가격에 대한 환율의 동태적 파급효과 분석

• 영문명: The Dynamic Spill-over Effects of Foreign Exchange Rate on Housing Prices
• 발행기관: 한국부동산학회
• 저자명: 성용림(Sung, Yong Lim) 유정석(Yu, Jung Suk)
• 간행물 정보: 『부동산학보』不動産學報 第54輯, 244~257쪽, 전체 13쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2013.09.30

영문 초록

1. CONTENTS (1) RESEARCH OBJECTIVES The purpose of this study is to figure out the relationship between foreign-exchange market and real estate market before and after Korean currency crisis and global financial crisis. (2) RESEARCH METHOD This study performed theoretical reviews and empirical analyses on foreign exchange rate and housing prices. This study obtained theoretical points of relations between them, drew related factors from the theoretical review discussed above, and used them for empirical analysis data. Especially this study utilized a VAR(vector autoregression) model. (3) RESEARCH FINDINGS In the results of this study, the major influence factors of housing prices were foreign exchange rate and interest rate, and empirically the most influence of housing prices was foreign exchange rate. 2. RESULTS The foreign exchange rate and housing prices had a positive(+) correlation before Korean currency crisis, they had a negative(-) correlation after Korean currency crisis, and after global financial crisis there was little change of housing prices when foreign exchange rate changed.

목차

Abstract

Ⅰ. 서론

Ⅱ. 관련 이론 및 선행연구 검토

Ⅲ. 실증분석

Ⅳ. 결론

參考文獻

키워드

주택가격 환율 벡터자기회귀모형 충격반응함수 분산분해 housing price foreign exchange rate vector autoregressive model impulse response function variance decomposition