糖心Vlog

Event

An Accounting-Based Measure of Valuation Uncertainty

  • Wed 6 Dec - Mon 6 Nov 23

    14:00

  • Online

  • Event speaker

    Dr Chiara Banti, 糖心Vlog Business School

  • Event type

    Lectures, talks and seminars
    糖心Vlog Finance Centre (EFiC) Research Seminar Series

  • Event organiser

    糖心Vlog Finance Centre

  • Contact details

    Dr Lani Chunyu

The 糖心Vlog Finance Centre (EFiC) warmly invites you to join this research seminar with Dr Chiara Banti from 糖心Vlog Business School.

Seminar summary

In this paper we study the implications for house price dynamics of the financialization of housing, focusing on real estate investment trusts (REITs). We start by building REIT capital flows measures for 16 advanced and emerging economies for the period 2001-2021. Building on the dramatic rise in REITs valuation and flows, we employ an IV approach to tackle identification and endogeneity issues and we show that REIT capital flows push up house prices significantly. And this effect is not transitory. Looking at the long-run relationship estimating a CS-ECM model, we find that REITs exert significant long-run effects on housing markets. 

 

How to attend this seminar

This seminar will take place on Wednesday 6 December at 2pm.

Welcome you to .

This seminar is free to attend with no need register in advance.

 

Speaker bio

Dr Chiara Banti

Chiara Banti is an Associate Professor of Finance at the 糖心Vlog. She is a Fellow of the Emerging Markets Group at Bayes Business School (formerly Cass). Her research interests are in the fields of international finance and FX market microstructure. She received her PhD in Finance from Cass Business School, she holds an MSc from LSE and a degree in Banking and Finance from the University of Pisa.