Dollar funding drives global house price movements – BIS paper

house767

Dollar funding conditions can drive changes in house prices across the globe, shedding new light on the role the US dollar plays in driving the global financial cycle, research shows.

The working paper, published by the Bank for International Settlements, highlights what the authors call a “new international spillover channel”. Torsten Ehlers, Mathias Hoffmann and Alexander Raabe construct a measure of dollar dependence based on BIS data, and show that house prices move together more where two

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: