The Mathematical Simulation of South Korea’s Financial and Economic Impacts from Real Estate Bubbles: Lessons from the China Evergrande Collapse
Dongxue Wang,
Yugang He
Abstract:This study investigates the macroeconomic and financial repercussions of a real estate bubble burst in South Korea through the application of Bayesian estimation and impulse response function analysis. By utilizing this approach tailored to the specific economic conditions of South Korea, the research effectively captures the complex ripple effects across a range of financial and macroeconomic variables. The results demonstrate that a real estate bubble burst markedly increases financial market risks, leading … Show more
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