银行信贷对房产价格泡沫的影响

he investment in real estate increases quickly in the recent years in China. The credit helps real estate develop prosperously, but it also accumulates lots of risks at the same time. This article is a study about the effects between the bubbles in real estate and the credit. In this article, credit contains the quantity and also the monetary policy. In our models, we will study the effect about the exist of the mortgage on the bubbles in asset prices. The other model shows the proportion of the prior pays of the mortgage also affect the bubbles in asset price. It will give some advices and suggestions for avoiding bubbles in real estate at last.