In 2007 futures contracts were introduced based upon the listed real estate market in Europe. Following their launch they have received increasing attention from property investors, however, few studies have considered the impact their introduction has had. This study considers two key elements....

Using a time-varying approach, this paper examines the dynamics of volatility in the REIT sector. The results highlight the attractiveness and suitability of using GARCH based approaches in the modeling of daily REIT volatility. The paper examines the influencing factors on REIT volatility,...

We investigate the influence of unanticipated changes in US monetary policy on Equity Real Estate Investment Trusts (REIT's). Although a number of studies have investigated the issue of interest rate changes, the effect of unanticipated changes has not previously been addressed in terms of...

This article examines the inflation hedging ability of the commercial real estate sector in the Republic of Ireland. Tests using the conventional Fama and Schwert (1977) model are conducted, together with cointegration and causality tests. The data is initially analyzed over the period 1985 to...

We investigate the influence of unanticipated changes in US monetary policy on Equity Real Estate Investment Trusts (REIT's). Although a number of studies have investigated the issue of interest rate changes, the effect of unanticipated changes has not previously been addressed in terms of...

The benefits of openness to trade are well established, but the disadvantages of openness are less well understood. At the firm level, trade is the principal source of exposure to exchange rate movements, and exchange exposure can be moderated by a range of hedging techniques. In this paper we...