We use a general Markov switching model to examine the relationships between returns
over three different asset classes: financial assets (US stocks and Treasury bonds) …

In a recent interview, David Harvey referred to the initial stages of the ongoing global
economic crisis as a “financial crisis of urbanization.” This article explores and substantiates …

This new text provides a rigorous analysis of real estate markets. Three main sections cover:
microeconomics of property markets the macroeconomics of commercial property the …

This study reviews the most recent findings on real estate returns, and organizes the reviews
into five categories:(1) risk and returns;(2) diversification and portfolio optimization …

Are global city office markets inherently unstable? This examination of office markets in
major world cities analyses the flows of capital that create urban form, the nature of …

The global economic crisis of 2008 was precipitated by a housing market crash, thus
highlighting the destabilizing influence of the property cycle upon the wider economy. This …

In the literature, it is argued that the Fordist regime of accumulation has gradually been
replaced by a finance-driven regime. We argue that the contemporary regime in the UK …

This paper examines conditional volatility spillovers among five major asset classes (public
real estate, stock, bond, money and currency) domestically and internationally in G7 …

This paper employs a vector autoregressive model to investigate the impact of
macroeconomic and financial variables on a UK real estate return series. The results …

This study considers whether securitized real estate and stock markets have long-term co-
memories and implications for short-term adjustment. Our results offer reasonable support …