Asset diversification has the potential to deliver enhanced risk-adjusted returns on investment portfolios. These gains are usually gauged by examining the contemporaneous correlation matrix. While this approach maybe appropriate when formulating tactical investment decisions, strategic asset...

The history of confidence intervals is discussed together with the pedagogical predilection to a parametric view of the world. The weakness of these methods is that they are not related to any measurement of probability. The inappropriateness of such an outlook in the realm of real estate is...

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Using individual residential ARM mortgage data in Singapore, this study finds a low prepayment rate, which is influenced predominantly by macroeconomic factors than mortgage-specific factors. Specifically, the prepayment rate is increasing in residential property prices, but declining in income...

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Construction of Turin's Automatic Metro Line is part of the programme for improving the public transport system in the town's metropolitan area. In addition to railway connection with Caselle Airport opened in April 2001, the plan includes completion by 2010 of the Railway Junction and the...

Creation of contract savings scheme in nineties and its evolution. Actors in the market, legislation, market share, banking products. Impact of the contractual savings on the new housing construction, reconstructions, affordability of housing units, and on the economy as the whole. Partnerships...

[abstract missing - contribution appeared in the programme]

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