Investment Decisions on Illiquid Assets A Search Theoretical Approach to Real Estate Liquidity /

• Main Author: Morawski, Jarosław (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Wiesbaden : Gabler, 2009.
• Subjects: Finance.; Macroeconomics.; Economics.; Macroeconomics/Monetary Economics//Financial Economics.; Finance, general.

Real estate, private equity, arts, and even wine are gaining increasing popularity as capital investments. Attractive risk-return profiles and high diversification potentials make them valuable additions to investment portfolios. Their main drawback, however, is the low level of liquidity. Such asse...

Table of Contents:

• The Concept of Liquidity
• Search in Illiquid Markets
• Liquidity Measurement
• Liquidity as a Decision Criterion
• Liquidity of German Condominium Markets
• Concluding remarks.