Search Results

No results found.

(refine search)
SORT BY: PREVIOUS / NEXT
Keywords:Alternative asset classes 

Working Paper
The other (commercial) real estate boom and bust: the effects of risk premia and regulatory capital arbitrage

The last decade?s boom and bust in U.S. commercial real estate (CRE) prices was at least as large as that in the housing market and also had a large effect on bank failures. Nevertheless, the role of CRE in the Great Recession has received little attention. This study estimates cohesive models of short-run and long-run movements in capitalization rates (rent-to-price-ratio) and risk premiums across the four major types of commercial properties. Results indicate that CRE price movements were mainly driven by sharp declines in required risk premia during the boom years, followed by sharp ...
Working Papers , Paper 1504

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

G12 1 items

G18 1 items

G21 1 items

G23 1 items

R33 1 items

FILTER BY Keywords

PREVIOUS / NEXT