The Eastern enlargement of the European Union (EU) is likely to give a further boost to trade and capital flows, yet empirical evidence on the possible magnitudes is still scarce. This paper uses four different datasets to estimate the determinants of international asset holdings and trade...

In 2009 the Frankfurt based Eurex traded the first property future. Eurex is the international derivatives exchange and is jointly owned by Deutsche Börse AG and SWX Swiss Exchange. Consequently, returns on commercial property are now available in an exchange environment within Europe. The...

German real estate funds raise substantial amounts of resources within Germany and are active in the investments of these amounts in the real estate markets of Germany, Europe and beyond. The German “open-ended real estate funds” comprises two types: The one type, which in the following be...