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...

This paper investigates the potential diversification opportunities in fifteen Asia Pacific markets from 1997 until 2010 from the perspective of a local investor. By setting up two benefit measurement, I find that under some assumptions regional diversification is a better choice than global...

Since its launch in September 2006, the Asian Research Programme has focused on policy-oriented studies for central banks and supervisory authorities in the Asia-Pacific region. Under the programme, the BIS Representative Office for Asia and the Pacific has co-organised a series of conferences,...