Contagion or interdependence? Evidence from comovements in Asia-Pacific securitised real estate markets during the 1997 crisis.

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dc.contributor.author Wilson, Patrick en_US
dc.contributor.author Zurbruegg, Ralf en_US
dc.date.accessioned 2009-12-21T02:37:05Z
dc.date.available 2009-12-21T02:37:05Z
dc.date.issued 2004 en_US
dc.identifier 2004000504 en_US
dc.identifier.citation Wilson Patrick and Zurbruegg Ralf 2004, 'Contagion or interdependence? Evidence from comovements in Asia-Pacific securitised real estate markets during the 1997 crisis.', Emerald Group Publishing Limited, vol. 22, no. 5, pp. 401-413. en_US
dc.identifier.issn 1463-578X en_US
dc.identifier.other C1 en_US
dc.identifier.uri http://hdl.handle.net/10453/5163
dc.description.abstract This paper examines whether there was contagion from the Thai securitised real estate market to four other prominent Asia-Pacific property markets. Based on Forbes and Rigobon's methodology for calculating conditional and unconditional correlations, analysis shows that there was some contagion effect from Thailand to Hong Kong and Singapore during the period between early July and late October 1997. However, if the period includes the stock market crisis of late October 1997, there is little evidence for real estate market contagion, as it would seem that the impact of the equity markets were more relevant thereafter, in affecting other financial markets than the property markets themselves. en_US
dc.publisher Emerald Group Publishing Limited en_US
dc.relation.isbasedon http://dx.doi.org/10.1108/14635780410556889 en_US
dc.title Contagion or interdependence? Evidence from comovements in Asia-Pacific securitised real estate markets during the 1997 crisis. en_US
dc.parent Journal of Property Investment & Finance en_US
dc.journal.volume 22 en_US
dc.journal.number 5 en_US
dc.publocation Northampton en_US
dc.identifier.startpage 401 en_US
dc.identifier.endpage 413 en_US
dc.cauo.name BUS.School of Finance and Economics en_US
dc.conference Verified OK en_US
dc.for 150299 en_US
dc.personcode 760135 en_US
dc.personcode 0000017322 en_US
dc.percentage 100 en_US
dc.classification.name Banking, Finance and Investment not elsewhere classified en_US
dc.classification.type FOR-08 en_US
dc.description.keywords Property management, Real estate, South East Asia en_US


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