Publication
Title
The inflation-hedging ability of real estate evidence in Thailand : 1987-2011
Author
Abstract
This study examines whether Thai real estate can hedge against ex post and ex ante inflation during the 1987-2011 period. Using the Fama and Schwert framework, we find that real estate returns have a positive (albeit not strongly significant) relation with both ex post and unexpected inflation over the period. However, by focusing on various sub-periods in order to control for possible structural changes in the economy, we find that the relationship between inflation and real estate returns depends on the state of the economy. Real estate provided a super hedge against inflation, especially, in the recent financial crisis.
Language
English
Source (journal)
Advances in Management and Applied Economics
Publication
2014
ISSN
1792-7544
1792-7552
Volume/pages
4:1(2014), p. 1-15
Full text (open access)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Record
Identification
Creation 08.05.2014
Last edited 04.03.2016
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