Determinants of property derivatives market architecture and evolution:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Abschlussarbeit Buch |
| Sprache: | English |
| Veröffentlicht: |
2011
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XXXIII, 291 S. graph. Darst. |
Internformat
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV037316668 | ||
| 003 | DE-604 | ||
| 005 | 20110628 | ||
| 007 | t | ||
| 008 | 110404s2011 d||| m||| 00||| eng d | ||
| 028 | 5 | 2 | |a Dissertation Nr. 3847 |
| 035 | |a (OCoLC)729950193 | ||
| 035 | |a (DE-599)BVBBV037316668 | ||
| 040 | |a DE-604 |b ger |e rakwb | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-355 |a DE-384 |a DE-188 |a DE-739 | ||
| 084 | |a QK 660 |0 (DE-625)141676: |2 rvk | ||
| 084 | |a QT 384 |0 (DE-625)142118: |2 rvk | ||
| 100 | 1 | |a Püntener, Sonja Yvonne |d 1978- |e Verfasser |0 (DE-588)143918141 |4 aut | |
| 245 | 1 | 0 | |a Determinants of property derivatives market architecture and evolution |c submitted by Sonja Yvonne Püntener |
| 264 | 1 | |c 2011 | |
| 300 | |a XXXIII, 291 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 502 | |a St. Gallen, Univ., Diss., 2010 | ||
| 650 | 0 | 7 | |a Finanzinstrument |0 (DE-588)4461672-7 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Immobilienmarkt |0 (DE-588)4123416-9 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Derivat |g Wertpapier |0 (DE-588)4381572-8 |2 gnd |9 rswk-swf |
| 655 | 7 | |0 (DE-588)4113937-9 |a Hochschulschrift |2 gnd-content | |
| 689 | 0 | 0 | |a Immobilienmarkt |0 (DE-588)4123416-9 |D s |
| 689 | 0 | 1 | |a Finanzinstrument |0 (DE-588)4461672-7 |D s |
| 689 | 0 | 2 | |a Derivat |g Wertpapier |0 (DE-588)4381572-8 |D s |
| 689 | 0 | |5 DE-188 | |
| 856 | 4 | 2 | |m Digitalisierung UB Passau |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=022470965&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-022470965 | ||
Datensatz im Suchindex
| _version_ | 1804145594029047808 |
|---|---|
| adam_text | CONTENT
CONTENT
..............................................................................................................
IV
TABLE OF
CONTENTS....................................................................................
VIII
FIGURES...................................................................
.....
.....................................XIX
TABLES
........................................................................
.....................................XXII
LIST OF ABBREVIATIONS
............................................................................XXV
EXECUTIVE SUMMARY
............................................................................XXXII
ZUSAMMENFASSUNG...............................................................................
XXXIII
1.
Introduction...
...................................................................................................1
1.1
Background of the Study
...........................................................................1
1.2
Research Framework
.................................................................................3
1.3
Definitions of Key Terms
..........................................................................4
1.4
Academic and Professional Significance
..................................................5
1.5
Methodology and Research Design
..........................................................
б
1.6
Limitations of the Study
............................................................................9
1.7
Structure of the Dissertation
....................................................................10
2.
Literature Review
.......................................................................................... 11
2.1
Property Indices
......................................................................................11
2.2
Property Derivative Products
..................................................................16
2.3
Applications of Property Derivatives
......................................................21
2.4
Prerequisites of Derivatives Markets
......................................................31
2.5
Conclusions
.............................................................................................42
3.
Evolution
of Property Derivatives Markets
.,,........,,,„,„,.,„,„„,„«,„.,,„,.,,,.. 46
3.1
Property Derivatives Market Evolution Model
.......................................46
3.2
United Kingdom (UK)
............................................................................47
3.3
United States of America (USA)
.............................................................58
3.4
Switzerland
..............................................................................................63
3.5
Other Countries
.......................................................................................65
3.6
Conclusions
.............................................................................................68
4.
Case Studies
-
Property Futures at London FOX
1991............................. 75
4.1
UK Property Market and Economy
.........................................................75
4.2
Technical Overview of the Property Futures
..........................................84
4.3
Trading Analysis and Anomalies
............................................................98
4.4
Suspension of the Property Futures
.......................................................106
4.5
Reasons for the Failure of the Property Futures
...................................107
4.6
Conclusions on the Failure of the Property Futures
..............................127
5.
Case Studies
-
IPD Swap Market
2000-2009............................................. 131
5.1
Technical Overview of the Property Total Return Swaps
....................131
5.2
Trading Analysis and Anomalies
..........................................................140
5.3
Views on IPD Swap Market
..................................................................145
5.4
Conclusions
...........................................................................................167
6.
Case Studies Property
Fui uree
aí
Ёпда
/005 .....
,
.................-
V;
6.1
Technical Overview of the Property Futures
........................................
і /З
6.2
Trading Analysis and Anomalies
..........................................................
I
78
6.3
Views on Eurex Property Futures
Markeis......................................
6.4
Conclusions
...........................................................................................
9i
Oř,
7.
Survey about Property Derivatives in Switzerland
..................................205
7.1
Background to the Survey Participants
.................................................205
7.2
Swiss Property Derivatives Investors
...................................................206
7.3
Opinions on Property Derivatives in General
.......................................206
7.4
Opinions on Property Derivatives for Switzerland
...............................211
7.5
General Comments on Property Derivatives
........................................215
7.6
Conclusions
...........................................................................................216
8.
Conclusions and Outlook
............................................................................ 219
8.1
Discussion of the Research Findings
....................................................219
8.2
Outlook and Further Research
..............................................................228
BIBLIOGRAPHY
.................................................................................................230
Literature
........................................................................................................230
Internet
...........................................................................................................248
Personal Communication
...............................................................................249
Appendix A: List of Expert Interviews (UK)
.....................................................250
Appendix B: Interview Guide Line
.....................................................................252
Appendix C: Survey Questionnaire (Switzerland)
............................................ 255
Appendix D: London FOX
..................................................................................263
D.I Interview with Julian Roche on London FOX
........................................263
D.2 Overview of Technical IPD Index Data
.................................................271
D.3 Composition of IPD Monthly Indices
.....................................................272
D.4 Conventions Adopted for Data Collection and Index Construction
.......273
D.5 Basis of Calculation of IPD Capital Growth Index and IPD Rental
Value Growth Index
..............................................................................275
D.
6
List of Valuers of Funds Contributing to IPD Monthly Index
...............276
D.7 Valuation Dates of Funds Contributing to IPD Monthly Index
.............277
D.8 Details on Nationwide
Anglia
House Price Index
..................................278
D.9 Details on FOX Mortgage Rate Index
....................................................280
D.10 The Trades-The Fines
.........................................................................281
Appendix E:
IPĐ
Swap Market and Eurex
....................................................... 282
E.I McNamara
(2008)
on the Business Development
...................................282
E.2 Nicklin
(2008)
regarding Taxation and Hedge Accounting of the
Property Derivatives
..............................................................................284
E.3 Venter
(2008)
regarding Hedge Accounting
...........................................286
E.4 Matysiak
(2009)
on Pricing and Data Quality of Prices
.........................286
E.5 Hill
(2008),
Ljubic
(2008)
and
Marcato
(2008)
Marking Profits
............287
E.
6
Heller
(2008)
the Factor Time
.................................................................287
E.7 Hill
(2008)
on the IPD
TRS
Market Trading Volumes
...........................288
E.8 Cullen
(2008)
on Sector Trading and Investors Demand
........................288
E.9 Cullen
(2008)
regarding Indices
..............................................................289
Appendix F: Residential Real Estate UK
...........................................................290
Appendix G: Curriculum
Vitae
........................................................................... 291
|
| any_adam_object | 1 |
| author | Püntener, Sonja Yvonne 1978- |
| author_GND | (DE-588)143918141 |
| author_facet | Püntener, Sonja Yvonne 1978- |
| author_role | aut |
| author_sort | Püntener, Sonja Yvonne 1978- |
| author_variant | s y p sy syp |
| building | Verbundindex |
| bvnumber | BV037316668 |
| classification_rvk | QK 660 QT 384 |
| ctrlnum | (OCoLC)729950193 (DE-599)BVBBV037316668 |
| discipline | Wirtschaftswissenschaften |
| format | Thesis Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01641nam a2200397 c 4500</leader><controlfield tag="001">BV037316668</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20110628 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">110404s2011 d||| m||| 00||| eng d</controlfield><datafield tag="028" ind1="5" ind2="2"><subfield code="a">Dissertation Nr. 3847</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)729950193</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV037316668</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-355</subfield><subfield code="a">DE-384</subfield><subfield code="a">DE-188</subfield><subfield code="a">DE-739</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QK 660</subfield><subfield code="0">(DE-625)141676:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QT 384</subfield><subfield code="0">(DE-625)142118:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Püntener, Sonja Yvonne</subfield><subfield code="d">1978-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)143918141</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Determinants of property derivatives market architecture and evolution</subfield><subfield code="c">submitted by Sonja Yvonne Püntener</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="c">2011</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">XXXIII, 291 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="502" ind1=" " ind2=" "><subfield code="a">St. Gallen, Univ., Diss., 2010</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Finanzinstrument</subfield><subfield code="0">(DE-588)4461672-7</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Immobilienmarkt</subfield><subfield code="0">(DE-588)4123416-9</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Derivat</subfield><subfield code="g">Wertpapier</subfield><subfield code="0">(DE-588)4381572-8</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="655" ind1=" " ind2="7"><subfield code="0">(DE-588)4113937-9</subfield><subfield code="a">Hochschulschrift</subfield><subfield code="2">gnd-content</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Immobilienmarkt</subfield><subfield code="0">(DE-588)4123416-9</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Finanzinstrument</subfield><subfield code="0">(DE-588)4461672-7</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="2"><subfield code="a">Derivat</subfield><subfield code="g">Wertpapier</subfield><subfield code="0">(DE-588)4381572-8</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-188</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">Digitalisierung UB Passau</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=022470965&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-022470965</subfield></datafield></record></collection> |
| genre | (DE-588)4113937-9 Hochschulschrift gnd-content |
| genre_facet | Hochschulschrift |
| id | DE-604.BV037316668 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T23:21:56Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-022470965 |
| oclc_num | 729950193 |
| open_access_boolean | |
| owner | DE-355 DE-BY-UBR DE-384 DE-188 DE-739 |
| owner_facet | DE-355 DE-BY-UBR DE-384 DE-188 DE-739 |
| physical | XXXIII, 291 S. graph. Darst. |
| publishDate | 2011 |
| publishDateSearch | 2011 |
| publishDateSort | 2011 |
| record_format | marc |
| spelling | Püntener, Sonja Yvonne 1978- Verfasser (DE-588)143918141 aut Determinants of property derivatives market architecture and evolution submitted by Sonja Yvonne Püntener 2011 XXXIII, 291 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier St. Gallen, Univ., Diss., 2010 Finanzinstrument (DE-588)4461672-7 gnd rswk-swf Immobilienmarkt (DE-588)4123416-9 gnd rswk-swf Derivat Wertpapier (DE-588)4381572-8 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Immobilienmarkt (DE-588)4123416-9 s Finanzinstrument (DE-588)4461672-7 s Derivat Wertpapier (DE-588)4381572-8 s DE-188 Digitalisierung UB Passau application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=022470965&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Püntener, Sonja Yvonne 1978- Determinants of property derivatives market architecture and evolution Finanzinstrument (DE-588)4461672-7 gnd Immobilienmarkt (DE-588)4123416-9 gnd Derivat Wertpapier (DE-588)4381572-8 gnd |
| subject_GND | (DE-588)4461672-7 (DE-588)4123416-9 (DE-588)4381572-8 (DE-588)4113937-9 |
| title | Determinants of property derivatives market architecture and evolution |
| title_auth | Determinants of property derivatives market architecture and evolution |
| title_exact_search | Determinants of property derivatives market architecture and evolution |
| title_full | Determinants of property derivatives market architecture and evolution submitted by Sonja Yvonne Püntener |
| title_fullStr | Determinants of property derivatives market architecture and evolution submitted by Sonja Yvonne Püntener |
| title_full_unstemmed | Determinants of property derivatives market architecture and evolution submitted by Sonja Yvonne Püntener |
| title_short | Determinants of property derivatives market architecture and evolution |
| title_sort | determinants of property derivatives market architecture and evolution |
| topic | Finanzinstrument (DE-588)4461672-7 gnd Immobilienmarkt (DE-588)4123416-9 gnd Derivat Wertpapier (DE-588)4381572-8 gnd |
| topic_facet | Finanzinstrument Immobilienmarkt Derivat Wertpapier Hochschulschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=022470965&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT puntenersonjayvonne determinantsofpropertyderivativesmarketarchitectureandevolution |