Positive feedback trading and long-term volatility links: evidence from real estate markets of USA,Be/Lux and Switzerland |
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| Authors: | Athanasios Koulakiotis Apostolos Kiohos |
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| Institution: | Department of International and European Studies, University of Macedonia, Thessaloniki, Greece |
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| Abstract: | This article investigates the positive feedback trading strategies in the real estate markets of USA, Belgium/Luxembourg (Be/Lux) and Switzerland, linking these strategies with long-term volatility. The results are in favour of a positive feedback trading strategy which negatively influences investors' risk-return position on real estate markets. |
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| Keywords: | Positive feedback trading real estate market risk FIGARCH |
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