INDEX-BASED FUTURES AND OPTIONS MARKETS IN REAL-ESTATE

被引：75

作者：

CASE, KE

SHILLER, RJ

WEISS, AN

机构：

[1] CASE SHILLER WEISS INC,CAMBRIDGE,MA 02138

[2] YALE UNIV,COWLES FDN,NEW HAVEN,CT 06520

来源：

JOURNAL OF PORTFOLIO MANAGEMENT | 1993年 / 19卷 / 02期

关键词：

D O I：

10.3905/jpm.1993.409441

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

In this article, the authors propose that cash-settled futures and options markets be opened on real estate to allow for better diversification and hedging of this asset class, and explain how these markets solve problems that have hampered other real estate hedging media in the past. Related instruments, such as real estate forwards and swaps, and consumer-oriented products like home equity insurance, might be established with the futures and options markets.

引用

页码：83 / 92

页数：10

共 24 条

[1] MARKET FOR LEMONS - QUALITY UNCERTAINTY AND MARKET MECHANISM [J].

AKERLOF, GA .

QUARTERLY JOURNAL OF ECONOMICS, 1970, 84 (03) :488-500

[2]

Case Karl E., 1986, NEW ENGL ECON REV, P38

[3]

CASE KE, 1989, AM ECON REV, V79, P125

[4]

CASE KE, 1990, AREUEA J FAL, P253

[5]

CASE KE, 1987, NEW ENGL ECON REV, P45

[6]

COX CC, 1976, J POLITICAL EC DEC, P1215

[7]

DEMSETZ H, 1968, Q J ECON, P33

[8]

Emery Henry Crosby, 1896, SPECULATION STOCK PR

[9]

GAMMILL JF, 1989, J PORTFOLIO MANA SPR, P13

[10]

GOETZMANN W, 1990, J APPLIED CORPORATE, P65

← 1 2 3 →