| Along with the continuous deepening of the reform of the real estate market, the status of real estate industry in China’s national economy is increasing day by day. Not only does it quickly become a drive of GDP growth, it also make the relationship with the finance closer and become the main effect factors on our country’s economic and financial system stability.If real estate prices rise excessively and break away from the support of the practical value,the real estate industry’s risk will be conducted to financial system through many ways and make the financial stability decline when the price bubble burst.seriously,it will lead to the occurrence of crisis.This paper firstly analyzes the present situation of the real estate market in our country,and study the meaning of financial stability together with the effect channel of real estate price fluctuation on the financial stability.On this basis, this paper chose about15prospective index and constructs the financial stability index using the factor analysis method.Then,this paper analyzes the influence of Chinese real estate price fluctuation on the financial stability using vector autoregressive model (VAR) tools.In the last,we draw some conclusions and put forward some countermeasures and Suggestions of inhibition in China’s real estate price excessive fluctuation. |
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