石家庄经济学院学报2012，Vol.35Issue(2)：29-34,6.
中国房地产财富的担保与非对称性效应研究
The Study on the Collateral and Asymmetric Effect of Real Assets in China
吴鹿英 1张建华2
作者信息
- 1. 湖南怀化学院,湖南怀化418000
- 2. 上海财经大学金融学院,上海200439
- 折叠
摘要
Abstract
According to life cycle theory hypothesis which assumes that household are forward-looking and the credit market is perfect,the consumer will change the consumption model only under some unexpected impact on consumption.However,according to the theory of behavioral finance,consumers will give the different account for profit and loss.For analyzing the existence of collateral and asymmetric effect of real asset market,this study makes an empirical study of real asset and its consumption.The study shows that there exist liquidity constraints in the consumer market,and the real estate wealth has a more significant guarantee effectiveness and the asymmetric phenomenon.关键词
财富效应/非对称性效应/担保约束Key words
wealth effect/asymmetric effect/collateral分类
管理科学引用本文复制引用
吴鹿英,张建华..中国房地产财富的担保与非对称性效应研究[J].石家庄经济学院学报,2012,35(2):29-34,6.
