The unique capital structure of commercial banking - funding production with demandable debt that participates in the economy's payments system - affects various aspects of banking. It shapes commercial banks' comparative advantage in providing financial products and services to informationally...

Preface -- 1 Real Estate Investing After the Fall -- 2 Real Estate Finance: Notes, Mortgages, and Payment Structures -- 3 Finance and Real Estate Valuation -- 4 Real Estate Valuation -- 5 The Anatomy of a Lease -- 6 Risk Analysis -- 7 Taxation in Investment Real Estate -- 8 Investing in...

Nicolai C. Striewe analyzes potential opportunistic behavior of REIT managers and provides empirical evidence on the effectiveness of institutional monitoring as a corporate governance mechanism. The author also suggests ways to promote sustainable management by means of institutional...

We propose a new methodology to estimate the share of household income accruing to children (i.e., the cost of children). Following the principle of the Rothbarth approach, the identification of the children's share requires the observation of at least one adult-specific good. However, our...