...Elaine M. Worzala; Richard D. Johnson; Colin M. Lizieri Uses Monte Carlo simulation to demonstrate the benefits of employing a currency swap to hedge the exchange rate exposure in a single international real estate investment. The only cashflow exposed to the currency fluctuations...

...Heather Tarbert Historically, investment in commercial property has been perceived as providing a hedge against inflation. A complete hedge against inflation is formally defined as an asset where the nominal returns vary in a positive one‐for‐one way with inflation. The belief that commercial...

...J.A. Schofield Suggests that recent attempts to measure the inflation‐hedging characteristics of commercial property use an inappropriate methodology. As a result the conclusions of much of this body of work are of dubious value. Having an income and capital repayment linked to inflation, index...

.... There is no evidence that property returns systematically provide, on an annual basis, hedging characteristics against either of these components. This section provides an overview of the relevant concepts employed in the paper. This paper reports the results from an investigation of the long‐term...

...R.J. Barkham; C.W.R. Ward; O.T. Henry Presents results of an investigation of the inflation‐hedging characteristics of UK property. Evaluates the various methods of decomposing inflation into its “expected” and “unexpected” components, using new time series data on inflation expectations produced...

...Graeme Newell Examines the inflation‐hedging characteristics of Australian commercial property and property trusts over 1984‐1995. Using the Building Owners and Managers Association property indices for Australian office, retail and industrial property, assesses the role of actual, expected...

...David Miles Reviews the evidence on the inflation‐hedging characteristics of UK commercial property as an asset class. That evidence suggests that commercial property is a very imperfect hedge against unanticipated inflation. Furthermore, the returns have been substantially lower than on equities...

...Foort Hamelink; Martin Hoesli Tests the inflation‐hedging effectiveness of Swiss real estate. Four proxies for expected inflation are used, two of them being based on autoregressive conditional heteroscedasticity models (ARCH‐M and QTARCH). The series used to proxy for real estate returns...

...Alex J.D. Dawson; William H. Rodney The use of financial risk management techniques in the form of exchange‐rate hedging is widespread in the international business community, because their use avoids losses owing to volatile exchange‐rate movements. Identifies the current limited use of such risk...

...Chris Mitchell Discusses hedging currency exposures that arise from foreign acquisitions. Particular emphasis is placed on the use of currency swaps and their derivatives. Argues that hedging opportunities are now so varied that a strategy of not hedging exposures can be taken as speculative...

... that whatever option or combination of options is or is not taken, a purely passive approach carries the greatest risk. © MCB UP Limited 1990 Finance Mortgages Hedging Interest rates ...

... 1990 Finance Mortgages Hedging Interest rates Property law ...

.... Suggests that such a system could dramatically reduce the cost of “chain breaking”. © MCB UP Limited 1990 Finance Futures markets Housing Building societies Banks Hedging Property development ...