Households that contemplate moving to different cities or trading up/down in the future are exposed to substantial housing risk. In order to mitigate this risk, we derive optimal portfolios using CME housing futures. Housing investment risk is hedged by selling housing futures amounting to the...

This study analyzes the effect of foreclosure status on residential property price using Hong Kong data. Results of previous studies on the effect of foreclosure status on property price have been mixed. Some suggested that foreclosed properties are sold at a discount, while others provided...

The possibility that local consumption amenities provided by bars, restaurants, and other retail services improve neighborhood or city attractiveness has received increasing attention in the literature. Empirical research thus far has focused on the number of establishments in an area. This...

Households that contemplate moving to different cities or trading up/down in the future are exposed to substantial housing risk. In order to mitigate this risk, we derive optimal portfolios using CME housing futures. Housing investment risk is hedged by selling housing futures amounting to the...

Having a credit record and a credit score can be an important determinant of credit access. Yet, surprisingly little is known about people who lack credit records or scores. This paper provides the first documented analysis of the characteristics of consumers without credit records, called...

This paper sheds light on the potential effect that Information and Communication Technologies (ICT) might generate on cities and spatial structure. The extensive theoretical discussion and speculation on how cities and geography might be affected by digital technologies, which took place before...

Although there has been substantial progress in our understanding of institutions in development generally, less emphasis has been placed on the relevance of institutions to environment, particularly in developing countries like Nigeria. No wonder, most public policies have failed to promote...

The article analyses the indirect effects of informal insurance on open-access renewable resource use. It is based on a field study of two neighbouring island fisheries in the Ha'apai region in the Kingdom of Tonga. On one island, 'Uiha, the fishery is under greater stress and fishers have...

The coordination channel has been proposed as a means by which foreign exchange market intervention may be effective, in addition to the traditional portfolio balance and signaling channels. If strong and persistent misalignments of the exchange rate are caused by non-fundamental influences,...