This paper investigates the dynamic interactions among securitized property markets, stock markets and key macroeconomic factors for ten developed nations throughout North America, Europe, Australia, and Asia. The results indicate that each property market is co-integrated with its respective...

This study examines contagion across general equity and securitized real estate markets of China, Hong Kong and the US during Chinese financial crisis. This is the first study to combine the case-resampling bootstrap method with the coskewness and cokurtosis test. Thus the new method works well...