Skip to main content
Kent Academic Repository

Property Derivatives for Managing European Real-Estate Risk

Tunaru, Radu, Fabozzi, Frank J., Shiller, Robert (2010) Property Derivatives for Managing European Real-Estate Risk. European Financial Management, 16 (1). pp. 8-26. ISSN 1354-7798. (doi:10.1111/j.1468-036X.2009.00528.x) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:25096)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided.
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
DOI/Identification number: 10.1111/j.1468-036X.2009.00528.x
Uncontrolled keywords: Real-Estate Markets, Property Derivatives, Balance Guaranteed Swaps, G15, G20
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Divisions > Kent Business School - Division > Department of Accounting and Finance
Depositing User: Jennifer Knapp
Date Deposited: 19 Jul 2010 09:49 UTC
Last Modified: 16 Nov 2021 10:03 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/25096 (The current URI for this page, for reference purposes)

University of Kent Author Information

Tunaru, Radu.

Creator's ORCID:
CReDIT Contributor Roles:
  • Depositors only (login required):

Total unique views for this document in KAR since July 2020. For more details click on the image.