In the literature, we always associate banking crises to currency crises, but the latest crisis brought specific attention to the real estate market and its movements. This study looks at the real estate and financial market turning points in the UK and USA. To achieve this, we conducted a study...

The aim of this study is to investigate transmission mechanisms between real estate and financial and monetary spheres. When we look across countries, there appears to be some correlation historically between declines in real estate prices and financial instability. The existing literature on...

Due to their diversity and maturity, Asian Real Estate Trusts presents an interesting investment asset that has an increasing impact in a portfolio management. In this paper, we investigate the role of Asian REITs in a mixed asset portfolio. To the best of our knowledge, this is the first study...

We develop and estimate an equilibrium search model of the housing market with aggregate shocks. Our purpose is to quantify the spillover effects between housing market and the wider economy. We investigate two potential mechanisms. First, we aim to understand to what extent individual shocks,...