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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)

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.

Suggested Citation

  • Cicero I. LIMBEREA, 2008. "Eurozone - a sensible absorption of risk capital?," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 1, pages 43-61, December.
    • Handle: RePEc:aic:revebs:y:2008:v:1:p:43-61
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    References listed on IDEAS

    as
    1. Guillermo A. Calvo & Carmen M. Reinhart, 2002. "Fear of Floating," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(2), pages 379-408.
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