Using variance risk premiums (VRPs) nonparametrically calculated from equity markets in selected major developed economies and emerging market economies (EMEs) over 2007 - 2015, we document the correlation of VRPs across the markets and examine whether equity fund flows work as a path through...

This paper is motivated by the observation that there are three types of CRE loans: loans on existing CRE properties; land and construction loans (also called land acquisition, development and construction loans (ADC loans)); and CRE loans in CMBS pools and insurance company portfolios. This...