How Does the Home Purchase Restriction Policy Affect Household Debt?

DOI

10.2991/aebmr.k.220307.048How to use a DOI?

Keywords

HPR policy; household debt; economic cycle

Abstract

Chinese economists and policymakers have highly valued the housing problem. The surge in household debt has led to real estate bubbles and worries about China’s “sub prime crisis”. At the same time, the continuous improvement of real estate leverage will increase real estate financial risks and even have a serious impact on international economic security and financial stability. So, stabilising housing prices and controlling household debt at a reasonable level has become an important problem to be solved. Behind the rapid growth of household debt in China is closely related to the housing market development. It is generally believed that the housing market has stimulated the speculation of residents and enterprise departments, resulting in the growth of housing mortgage loans, which directly leads to the expansion of household debt. The contribution of this paper is: in terms of research content, few scholars explore the impact of housing purchase restriction policy on family debt from the macro level. This paper is a supplement to the literature on the effect of housing purchase restriction policy.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Yufei Chen
PY  - 2022
DA  - 2022/03/26
TI  - How Does the Home Purchase Restriction Policy Affect Household Debt?
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 305
EP  - 310
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.048
DO  - 10.2991/aebmr.k.220307.048
ID  - Chen2022
ER  -