This innovative book analyses the role played by real estate markets in global financial stability and examines the fragile link between the two. Through what transmission channels do housing market cycles influence broader economic systems? How has the Global Financial Crisis shifted our view...

In the current study, we focus on the capital asset pricing model (CAPM) beta and downside betas. The empirical results of market index returns in the international samples of 23 developed countries exhibit significant differences between the CAPM and downside betas, indicating that these models...

The purpose of this study is to apply different methods including statistical and spatial analysis techniques to delineate spatial submarkets of housing prices and to examine spatial dependence of housing prices. The data comes from housing transaction prices in the central development areas of...

Models of the allocation of household resources use as a decision rule either the maximisation of a household utility function or the solution to a Nash-bargaining game. The literature on residential mobility has exclusively used the former to analyse the household's decision to change location....

ERES:conference

Condominium residents are reluctant to join the management committees (MCs) and contribute to the management of local public goods because of free-riding problems. In studying a sample of condominiums in Taipei, it is found that some degree of outsourcing to third party managers (TPMs) is...

Models of the allocation of household resources use as a decision rule either the maximization of a household utility function (Becker, 1984) or the solution to a Nash-bargaining game (McElroy and Horney, 1981). To date the mobility literature has exclusively utilized the former approach to...

It is widely believed that following the adoption of the euro, long run purchasing power parity (PPP) is more likely to hold within the euro countries. By applying the panel unit root test of Pesaran (2007) to real exchange rate data of eleven euro countries for the sample period of January 1957...