초빙교수 Visiting Professor Emeritus Professor, KDI School of Public Policy & Management (KDIS) Ph.D. : University of Pennsylvania (The Wharton School) (1991) B.A. : Yonsei University (1980) 연구 분야 : Financial Innovation (FinTech) and Data Economy, Risk Management, Real Estate Finance, Regional Development Webpage Email : mancho@kdischool.ac.kr
연구
[1] “The Impact of Non-Financial Alternative Data on Credit Risk Assessment: Micro-Data Based Empirical Investigation and Its Implication” (with Young-Il Kim, Seung-Do Shin, Soojin Park), 금융정보연구, vol. 12, no. 2, pp. 1-30, 2023.
[2] “Data economy in Korea: Cases of finance, real estate, and medical care sectors” (with 문성욱, 이인복, 최성윤), 기술혁신연구, vol. 31, no. 1, pp. 65-103, 2023.
[3] “Housing affordability, borrowing constraints and tenure choice in Korea” (with Kyung-Hwan Kim, Soojin Park, Seung Dong You), International Journal of Urban Sciences, vol. 25, no. S1, 2021.
[4] “Did Financial Consumers Benefit from the Digital Transformation? An Empirical Investigation” (with Soojin Park, Prida Erni Kesuma), International Journal of Financial Studies, vol. 9, no. 4, pp. 57, 2021.
[5] “FinTech Megatrends: What Welfare Implications Can We Draw for Financial Consumers?”, The International Review of Financial Consumers, vol. 6, no. 2, pp. 29-45, 2021.
[6] “Housing demand elasticities in Korean cities: variations over time and across location” (with Kyung-Hwan Kim, Soojin Park, Seung Dong You), 응용경제, vol. 22, no. 3, pp. 51-84, 2020.
[7] “Welfare Implications of Credit Rationing for Financial Consumers: An Empirical Investigation on the Case of the Korean Residential Mortgage Sector” (with Soojin Park), The International Review of Financial Consumers, vol. 5, no. 1, pp. 13-24, 2020.
[8] “Housing Returns with Mortgage and Price Shocks” (with Peter Chinloy, Cheng Jiang, Inho Song), Journal of Real Estate Research, vol. 42, no. 1, pp. 105-124, 2020.
[9] “Population Aging and House Prices: An Empirical Study with Vector Error Correction Model (VECM)” (with Soojin Park, Inho Song, Min Hwang), 한국경제의 분석, vol. 24, no. 3, pp. 151-183, 2018.
[10] “House Rent - Price Ratios : An International Comparison” (with Inho Song), Journal of Real Estate Research, vol. 40, no. 3, pp. 347-374, 2018.
[11] “Contagious Housing Price Cycles: Drivers, Contagion Channels, and Policy Responses”, Real Estate Finance, v.33, no.3, pp.99 - 135, 2016.
[12] “Wealth Composition and Drawdown Patterns of Retirees a Comparative Study” (with Yong Man Lee, Jun Hyung Kim, Hyun-Ah Kim), The International Review of Financial Consumers, vol. 1, no. 1, pp. 41-55, 2016.
[13] “Globalizing REITs: What International best Practices have Emerged?” (with Yong Man Lee, Jun Hyung Kim, Hyun-Ah Kim), 금융연구, v.30, no.3, pp.1 - 48, 2016.
[14] “Collateral Risk in Residential Mortgage Defaults” (with Tyler T. Yang, Che-Chun Lin), JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, v.42, no.2, pp.115 - 142, 2011.
[16] “Managing Mortgage Credit Risk: What Went Wrong with the Subprime and Alt-A Markets”, International Real Estate Review, vol. 12, no. 3, pp. 295-324, 2009.
[17] “180 Years' Evolution of the US Mortgage Banking System: Lessons for Emerging Mortgage Markets”, International Real Estate Review, vol. 10, no. 1, pp. 171-212, 2007.
[18] “House Price Dynamics: A Survey of Theoretical and Empirical Issues”, Journal of Housing Research, vol. 7, no. 2, pp. 145-172, 1998.
[19] “Do Borrowing Constraints Change U.S. Homeownership Rates?” (with Peter Linneman, Isaac F. Megbolugbe, Sysan M. Wachter), Journal of Housing Economics, vol. 6, no. 4, pp. 318-333, 1997.
[20] “Congestion Effects of Spatial Growth Restrictions: A Model and Empirical Analysis”, Real Estate Economics, vol. 25, no. 3, pp. 409-438, 1997.
