Global financial crisis impacts U.S. and Australian commercial property debt markets.
The article looks at how the global financial crisis affected commercial property debt markets in the U.S. and Australia. It focuses on mortgage-backed securities and bonds issued by real estate investment trusts from 2000 to Q3:2009. The researchers found that events in the stock market influenced the pricing of these debt instruments. They also discussed how the slowdown in these financing options impacted the commercial property market.