As international property investors increasingly understand and appreciate the benefits of diversification and look to achieve higher returns, cross-border real estate investment has increased. In this context, the issue of the country risk premium is crucial as these types of investments...

Much has been written about the financial crisis that engulfed the financial markets in the summer and fall of 1998. Little has been written about the effect of this crisis on the fledgling Commercial Mortgage-Backed Securities Market (CMBS). By comparing and contrasting the CMBS market with...