Narrow search
Showing 1 - 10 of 597
Cover Image
Market efficiency in the emerging securitized real estate markets
Schindler, Felix - 2010
This paper tests the random walk hypothesis and market efficiency for twelve emerging as well as for four developed securitized real estate markets from 1992 to 2009. Random walk properties of equity prices influence return dynamics, and market efficiency is often considered an essential...
Persistent link: https://www.econbiz.de/10003969878
Cover Image
Downside risk optimization in securitized real estate markets
Kroencke, Tim-Alexander; Schindler, Felix - 2010
Optimization of international securitized real estate portfolios has been a key topic for several decades. However, most previous analysis has focused on regional diversification by applying the traditional mean-variance (MV) framework suggested by Markowitz (1952) even if the limitations of...
Persistent link: https://www.econbiz.de/10003969883
Cover Image
The house price-vacancy curve
Lerbs, Oliver; Teske, Markus - 2016
Individual sales prices and local vacancy rates in the housing market pose a natural analogy to the wage curve, a … popular concept in labor economics that describes how individual wages decrease with higher local unemployment. While housing … search and matching models and housing externalities strongly suggest a stable inverse relationship, there is still a lack of …
Persistent link: https://www.econbiz.de/10011570572
Cover Image
Volatilitätseffekte am US-amerikanischen Häusermarkt
Schindler, Felix - 2009
Während direkte Immobilieninvestments lang Zeit als renditeträchtig bei gleichzeitig begrenztem Risiko galten, führte den Anlegern insbesondere die gegenwärtige Finanzmarktkrise vor Augen, dass auch Immobilienanlagen insbesondere in den USamerikanischen Häusermarkt mit hohen Risiken...
Persistent link: https://www.econbiz.de/10003881343
Cover Image
An assessment of the relationship between public real estate markets and stock markets at the local, regional, and global levels
Liow, Kim Hiang; Schindler, Felix - 2011
The primary contribution of this study is to assess whether public real estate markets and stock markets are linked at the local, regional, and global levels, and to assess the evolution of their dynamic relationship and gradual integration during the last two decades. For individual pairs of...
Persistent link: https://www.econbiz.de/10009298929
Cover Image
Is the view from the Eurotower purely European? : national divergence and ECB interest rate policy
Heinemann, Friedrich; Hüfner, Felix - 2002
ignoring a potential national perspective may lead to a serious bias in the estimation of ECB reaction functions. The paper …
Persistent link: https://www.econbiz.de/10011447829
Cover Image
Verteilungseffekte der öffentlichen Finanzierung der Hochschulbildung in Deutschland : Eine Längsschnittbetrachtung auf der Basis des sozioökonomischen Panels
Borgloh, Sarah (contributor);  … - 2007
Der vorliegende Beitrag untersucht die Verteilungswirkungen der Hochschulfinanzierung im Längsschnitt. Die Leistungen, die Hochschulabsolventen in Form der Hochschulbildung erhalten, werden den hochschulbezogenen (Steuer-)Lasten der Hochschulabsolventen gegenübergestellt. Es zeigt sich, dass...
Persistent link: https://www.econbiz.de/10003447785
Cover Image
The impact of monetary instruments on shock absorption in EU-countries
Müller, Claudia; Buscher, Herbert S. - 1999
The main characteristic of the implementation of the European Monetary Union (EMU) is the transition from various national currencies to the Euro, the common European currency. A final fixing of the individual bilateral exchange rates of all European countries involved in the Monetary Union...
Persistent link: https://www.econbiz.de/10011442518
Cover Image
How efficient is the U.K. housing market?
Schindler, Felix - 2010
in the U.K. housing market. In addition to conducting parametric and non-parametric tests, we apply technical trading …-and-hold strategy for 10 out of 14 markets. -- Housing market ; weak-form market efficiency ; random walk hypothesis ; variance ratio …
Persistent link: https://www.econbiz.de/10003969872
Cover Image
Linkages between international securitized real estate markets : further evidence from time-varying and stochastic cointegration
Schindler, Felix; Voronkova, Svitlana - 2010
This paper analyzes long-run co-movements between international real estate stock markets and between regions based on bivariate and multivariate tests for cointegration. While the topic has been analyzed in previous studies such as Gallo and Zhang (2009) and Yunus (2009) among others, this...
Persistent link: https://www.econbiz.de/10008652070