scholarly journals International Real Estate Review

2005 ◽  
Vol 8 (1) ◽  
pp. 95-109
Author(s):  
Che-Chun Lin ◽  
◽  
Ting-Heng Chu ◽  
Larry J. Prather ◽  
Perry Wang ◽  
...  
Keyword(s):  
Real Estate ◽  
Default Risk ◽  
Mortgage Default ◽  
Asian Countries ◽  
Dominant Form ◽  
Western Countries ◽  
The Future ◽  
Logistic Regressions ◽  
The Impact

We explore the effect of mortgage curtailment payments on subsequent default probabilities. Although curtailment is not popular in western countries, it is the dominant form of prepayment in Asia. Using more than 6 years of mortgage performance records from an Asian bank, we investigate the impact of curtailment payments on mortgage default risk. The results of logistic regressions reveal that the cumulative curtailment is the most significant factor in predicting the future default probabilities of a seasoned mortgage pool. Thus, mortgage modeling for Asian countries should be different from mortgage modeling for western countries.

scholarly journals Managing hypertension in 2018: which guideline to follow?

Heart Asia ◽  
2019 ◽  
Vol 11 (1) ◽  
pp. e011127 ◽  
Author(s):  
Fabio Angeli ◽  
Gianpaolo Reboldi ◽  
Monica Trapasso ◽  
Adolfo Aita ◽  
Paolo Verdecchia
Keyword(s):  
Blood Pressure ◽  
Systolic Blood Pressure ◽  
Low Income ◽  
Asian Population ◽  
Public Health Issue ◽  
Global Public Health ◽  
Asian Countries ◽  
Western Countries ◽  
Asian Populations ◽  
The Impact

Hypertension is a global public health issue and a major cause of morbidity and mortality. Its prevalence is increasing in many Asian countries, with a number of countries with blood pressure above the global average. Although the average systolic blood pressure is decreasing worldwide since the 1980s at the rate of about 1 mm Hg systolic blood pressure per decade, it is increasing in low-income and middle-income countries, especially in the East and South Asian population. Of note, the much larger base Asian population results in a considerably larger absolute number of individuals affected. When compared with Western countries, hypertension among Asian populations has unique features in terms of its onset, clustering of associated cardiovascular risk factors, complications and outcomes. Moreover, only a minority of hypertensive individuals are receiving treatment and achieving control. Projected number of deaths related to hypertension dramatically increased in the last 25 years in some Asian regions with a disproportionately high mortality and morbidity from stroke compared with Western countries. The relation between blood pressure and the risk of stroke is stronger in Asia than in Western regions. Although new Guidelines for hypertension diagnosis and management have been recently released from Europe and North America, the unique features of Asian hypertensive patients raise concerns on the clinical applicability of Western Guidelines to Asian populations. To this purpose, we critically reviewed key elements from the most updated Guidelines. We also discussed their core concepts to verify the impact on hypertension prevention and management in Asian countries.

scholarly journals International Real Estate Review

2000 ◽  
Vol 3 (1) ◽  
pp. 93-108
Author(s):  
Ko Wang ◽  
◽  
Yuqing Zhou ◽  
Su Han Chan ◽  
K. W. Chau ◽  
...  
Keyword(s):  
Hong Kong ◽  
Real Estate ◽  
Private Information ◽  
Subjective Probabilities ◽  
Rational Model ◽  
Asian Countries ◽  
Real Estate Markets ◽  
The Real Estate ◽  
Industrial Sectors ◽  
The Impact

Studies on the calibration of subjective probabilities find that people tend to over-estimate the precision of their knowledge. In this paper we develop a semi-rational model and apply it to the real estate markets in Hong Kong and other Asian countries. The key point is that a person is rational about her/his private information until her/his private information is confirmed by a clearly defined market signal. Using a pre-sale as a mechanism of updating a developer's beliefs, this paper analyzes the impact of over-confidence on overbuilding and cycles in real estate markets. Our finding indicates that a pre-sale activity will increase the magnitude of over-building and over-confidence will increase the volatility in real estate markets. Our model also has implications to the well-established literature dealing with the issue of over-capacity in many industrial sectors.

scholarly journals Which Residential Clusters of Walkability Affect Future Population from the Perspective of Real Estate Prices in the Osaka Metropolitan Area?

2021 ◽  
Vol 13 (23) ◽  
pp. 13413
Author(s):  
Haruka Kato ◽  
Atsushi Takizawa
Keyword(s):  
Real Estate ◽  
Urban Areas ◽  
Structural Equation ◽  
Population Change ◽  
Equation Modeling ◽  
Walkability Index ◽  
The Future ◽  
Real Estate Prices ◽  
The Impact ◽  
Future Population

In Japan, where the population is declining and aging significantly, walkability has attracted attention as a way to improve residents’ lifestyles. Therefore, it is essential to identify the residential clusters where walkability improvement would contribute to the maintenance of the population in order to select urban areas for the implementation of walkable designs. This study aimed to identify the residential clusters in which walkability affects the future population from the perspective of real estate prices. The reason for focusing on real estate prices is that they are expected to be a confounding factor connecting walkability and the future population. The method we used was to analyze the structural equation modeling of the impact of walkability index, real estate prices, and future population change ratio. This analysis was based on the neighborhood association scale. This study clarified that effective residential clusters are the business center cluster and the sprawl cluster. In the business center cluster and the sprawl cluster, the price of apartments for sale is the real estate value, through which the walkability index positively impacts the future population change ratio. This means that it is expected to contribute to the maintenance of the future population through a combination of walkable designs and housing policies that encourage people to change their residence types to apartments for sale when rebuilding old building stock using the location optimization plan policy.

scholarly journals Editor’s Letter

2018 ◽  
Keyword(s):  
Default Risk ◽  
Financial Institution ◽  
Policy Issue ◽  
Mortgage Default ◽  
Counterparty Risk ◽  
Fixed Income ◽  
Risk Transfer ◽  
Credit Risk Transfer ◽  
Private Investors ◽  
The Impact

We begin this issue of The Journal of Fixed Income with two interesting policy articles. First, Chao Gao and John J. McConnell examine the results of shifting mortgage default risk from taxpayers to private investors. The extraordinary returns to investors since inception of the program has provided significant compensation for all tranches of these credit risk transfer securities. The second policy issue is also motivated by the financial crisis of 2008 and its associated financial institution counterparty risk. Issouf Soumaré employs a multifactor econometric model to identify and analyze factors explaining credit value adjustment spreads. Furthermore, the impact of these variables increased with contract maturity.

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