Björk, Tomas; Clapham, Eric - Economics Institute for Research (SIR), … - 2002
theoretical as well as from a numerical point
of view.
Key words: Real estate; index linked swaps; arbitrage
JEL Classi cation … interest rate, and the
model was then used to calculate the arbitrage free value of a CREILS. For this
concrete application … results in Buttimer et
al. (1997) are only approximatively true, in the sense that the arbitrage free
theoretical value of the …