International Journal of Social Science & Economic Research
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Title:
THE INFLUENCE OF SHADOW BANKING ON REAL ESTATE PRICES IN CHINA

Authors:
Zhuohui Li

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Zhuohui Li
Nanjing University of Aeronautics and Astronautics, Nanjing, Jiangsu Province, China

MLA 8
Li, Zhuohui. "THE INFLUENCE OF SHADOW BANKING ON REAL ESTATE PRICES IN CHINA." Int. j. of Social Science and Economic Research, vol. 4, no. 12, Dec. 2019, pp. 7410-7421, ijsser.org/more2019.php?id=566. Accessed Dec. 2019.
APA
Li, Z. (2019, December). THE INFLUENCE OF SHADOW BANKING ON REAL ESTATE PRICES IN CHINA. Int. j. of Social Science and Economic Research, 4(12), 7410-7421. Retrieved from ijsser.org/more2019.php?id=566
Chicago
Li, Zhuohui. "THE INFLUENCE OF SHADOW BANKING ON REAL ESTATE PRICES IN CHINA." Int. j. of Social Science and Economic Research 4, no. 12 (December 2019), 7410-7421. Accessed December, 2019. ijsser.org/more2019.php?id=566.

References
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Abstract:
By building TVP-VAR model, adopting from January 2008 to April 2019 monthly data, this paper analyzes the shadow Banks' influence on real estate prices, and reaches a conclusion as follows: (1) The effect of shadow banking on housing prices is slightly different in different periods, but it has overall positive effect. (2) When the lag period of samples increases, this positive effect tends to weaken, which is also consistent with the current situation that the state gradually attaches importance to strengthening the supervision of shadow banking to maintain financial stability. (3) The expansion of shadow banking is not conducive to financial stability, so it is imperative to strengthen financial regulation.