... Limited 2017 Emerald Publishing Limited Licensed re-use rights only Capital growth Error-correction models European office markets Rental growth Total returns Volatility spillover indices Do major European office markets offer diversification benefits and are these potential...

.... Modelling capital growth and yields demonstrates the importance of exchange rates as a function of monetary policy and economic behaviour. A single currency could allow yield premiums to fall in more volatile markets as economic conditions converge, as has already been seen in bond markets. It would...