Property Derivatives for Managing European Real-Estate Risk

Tunaru, R. and Fabozzi, F. and Shiller, R. (2010) Property Derivatives for Managing European Real-Estate Risk. European Financial Management, 16 (1). pp. 8-26. ISSN 1354-7798 . (The full text of this publication is not available from this repository)

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Official URL
http://dx.doi.org/10.1111/j.1468-036X.2009.00528.x...

Abstract

Although property markets represent a large proportion of total wealth in developed countries, the real-estate derivatives markets are still lagging behind in volume of trading and liquidity. Over the last few years there has been increased activity in developing derivative instruments that can be utilised by asset managers. In this paper, we discuss the problems encountered when using property derivatives for managing European real-estate risk. We also consider a special class of structured interest rate swaps that have embedded real-estate risk and propose a more efficient way to tailor these swaps.

Item Type: Article
Uncontrolled keywords: Real-Estate Markets, Property Derivatives, Balance Guaranteed Swaps, G15, G20
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculties > Social Sciences > Kent Business School > Accounting and Finance
Depositing User: Jennifer Knapp
Date Deposited: 19 Jul 2010 09:49
Last Modified: 18 Nov 2011 11:58
Resource URI: http://kar.kent.ac.uk/id/eprint/25096 (The current URI for this page, for reference purposes)
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