Dynamics of Housing in East Asia (PDF)

Bertrand RENAUD is the former Housing Finance Adviser in the Financial Development Department of the World Bank where he worked on banking and financial development issues.
He has studied most East Asian countries, in particular Korea since the 1970s and China since 1988. Dr. Renaud was actively involved in technical assistance programs to affected countries following the Asia crisis. He is the co-editor with Koichi Mera of Asia's Financial Crisis and the Role of Real Estate. He is the lead author of Markets at Work: Dynamics of the Residential Real Estate Market in Hong Kong. Dr. Renaud has recently published with Kyung-Hwan Kim, journal articles on the global housing boom and its aftermath following the US subprime crisis. He has also published other books that do not focus on Asia; one of which appeared in seven languages.?He has taught at the University of Hawaii where he created the first courses on urban development in Asia and was a member of the Center for Korean Studies. He has also taught at Seoul National University, M.I.T. and Hong Kong University. ?Dr Renaud gained considerable comparative policy experience on housing and urban issues in advanced economies as Head of the Urban Affairs Division of the OECD in Paris. Dr. Renaud was the recipient of the Donald Robertson Award in the UK in 1995 for his work on urban reforms and real estate privatization in Russia. He is a Fellow of the Weimer Graduate School of Advanced Studies in Real Estate and Urban Land Economics, Homer Hoyt Institute. Dr. Renaud received his doctorate from the University of California at Berkeley.

Kyung-Hwan KIM is Professor of Economics at Sogang University in Seoul. Following his service as Academic Dean at Sogang, Professor Kim spent a sabbatical year at Singapore Management University where he lectured and did research on real estate, and in particular on real estate cycles. He is currently the Under-Secretary of the Ministry of Land, Infrastructure and Transport, Republic of

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