Liu, Wei-han; Zhou, Zhefang - In: International Real Estate Review 12 (2009) 3, pp. 221-251
This paper examines the inflation-hedging behavior of the Hong Kong securitized real estate market between April 1986 and April 2007. The monthly series of the Hang Seng Property Index (HSPI) is selected as the proxy of the Hong Kong securitized real estate market due to its comprehensive...
