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Eurozone - a sensible absorption of risk capital?

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  • Cicero I. LIMBEREA

    (Vice President with Swiss Re in New York)

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    Abstract

    This paper aims to prove that in countries with no inter-zonal real estate divergence caused by lack of uniform economic development, labor migration trends or other causes, the real estate price movements tend to be correlated with currency movements, thus a certain vulnerability to hot money exists however it may be manageable.

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    File URL: http://rebs.ro/resource/Research%20Paper/Limberea_C_-_Eurozone-A_sensible_absorption_of_risk_capital.pdf
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    Bibliographic Info

    Article provided by Alexandru Ioan Cuza University, Faculty of Economics and Business Administration in its journal Review of Economic and Business Studies.

    Volume (Year): 1 (2008)
    Issue (Month): (December)
    Pages: 43-61

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    Handle: RePEc:aic:revebs:y:2008:v:1:p:43-61

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    Postal: Universitatea Al. I. Cuza; B-dul Carol I nr. 22; Iasi
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    Fax: 004 0232 217000
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    1. Guillermo A. Calvo & Carmen M. Reinhart, 2002. "Fear Of Floating," The Quarterly Journal of Economics, MIT Press, vol. 117(2), pages 379-408, May.
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