IDEAS home Printed from https://ideas.repec.org/p/arz/wpaper/eres2003_165.html
   My bibliography  Save this paper

Exchange Rate Regime Impacts on Real Estate Securities Returns: the Euro Conversion

Author

Listed:
  • Terry Grissom
  • Lizieri Colin

Abstract

The euro conversion as an exogenous event in foreign exchange markets offers an opportunity not only for investigation of the impact of the euro on international real estate performance, but allows a general inquiry and test of the introduction of an alternative currency regime within the construct of historical economic principles. These general economic ÏLawsó may enable an alternative approach and conceptual construct to the specific empirical investigation of the extent to which the change in exchange rates influences the change in real estate returns. This inquiry is necessary to address the dichotomy in the international real estate literature as to the extent to which exchange rate volatility offsets the arbitrage and diversification potential offered by international real estate in mixed asset portfolio. Strong arguments and positions have been taken on both sides of this issue as expressed in the research of Ziobrowski, and Curio (1991), Gordon and Canter (1998), Liu and Mei (1998), etc.

Suggested Citation

  • Terry Grissom & Lizieri Colin, 2003. "Exchange Rate Regime Impacts on Real Estate Securities Returns: the Euro Conversion," ERES eres2003_165, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2003_165
    as

    Download full text from publisher

    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2003-165
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Stephen Lee, 2008. "Is The Uk Real Estate Market Converging With The Rest Of Europe?," ERES eres2008_192, European Real Estate Society (ERES).

    More about this item

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arz:wpaper:eres2003_165. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Architexturez Imprints (email available below). General contact details of provider: https://edirc.repec.org/data/eressea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.