Housing Bubbles: Origins and Consequences

“This book provides an accessible, yet formal framework to understand how housing bubbles arise, their international dimension, their consequences, and ways to prevent them.”

Òscar Jordà, University of California, Davis, USA

“Basco’s analysis blends, in a very rigorous but enjoyable manner , state-of-the-art theory and historical examples, adding also a very timely and valuable set of policy orientations.”

Óscar Arce, Director General, Banco de España, Madrid, Spain

Booms and busts of house pr...