Imperial College London
Portrait Picture

ProfessorTarunRamadorai

Business School

Professor of Financial Economics
 
 
 
//

Contact

 

t.ramadorai CV

 
 
//

Location

 

53 Prince's GateSouth Kensington Campus

//

Summary

 

Publications

Citation

BibTex format

@article{Badarinza:2018:10.1016/j.jfineco.2018.07.010,
author = {Badarinza, C and Ramadorai, T},
doi = {10.1016/j.jfineco.2018.07.010},
journal = {Journal of Financial Economics},
pages = {532--555},
title = {Home away from home? Foreign demand and London house prices},
url = {http://dx.doi.org/10.1016/j.jfineco.2018.07.010},
volume = {130},
year = {2018}
}
Download

RIS format (EndNote, RefMan)

TY  - JOUR
AB  - Identifying the effects of “flights to safety” on asset prices using pure time-series methods is difficult because crises are infrequent. We develop a new cross-sectional identification approach, motivated by the insight that investors may differ in their “preferred habitats” within a broad asset class. We apply the method to the question of whether foreign capital is responsible for residential real estate price movements in global cities such as London and New York, especially during crises. Using large data sets of housing transactions, we find that foreign risk strongly affects London house prices. The effects are long-lasting, and are associated with both safe-haven effects and immigration.
AU  - Badarinza,C
AU  - Ramadorai,T
DO  - 10.1016/j.jfineco.2018.07.010
EP  - 555
PY  - 2018///
SN  - 0304-405X
SP  - 532
TI  - Home away from home? Foreign demand and London house prices
T2  - Journal of Financial Economics
UR  - http://dx.doi.org/10.1016/j.jfineco.2018.07.010
UR  - http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000451108100004&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=1ba7043ffcc86c417c072aa74d649202
UR  - https://www.sciencedirect.com/science/article/pii/S0304405X18301867?via%3Dihub
UR  - http://hdl.handle.net/10044/1/86193
VL  - 130
ER  -
Download