Title: THE INFLUENCE OF SHADOW BANKING ON REAL
ESTATE PRICES IN CHINA
Authors:
Zhuohui Li
Journal:
International Journal of Social Science and Economic Research (IJSSER)
ISSN: 2455-8834
Volume:
4
Issue:
12
Publication Date:
December 2019
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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.
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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.
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