FinGeo Virtual Series - Experiments of Real Estate Financialization: Large Developers and Real Estate Funding Under Financial Subordination
07 November 2022 to 07 November 2022
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Online
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Registration
for this webinar is free. If you are new to the RSA you will need to click on
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profile to sign up for future events on the RSA Lounge.
The presentation will explore how (subordinate)
financialization in Developing and Emerging Economies (DEEs) has impacted real
estate developers, agents traditionally understood as key stakeholders at the
local level. While recent studies have shown the complexity of today’s real
estate markets in light of financialization, these works have sometimes
neglected the transformation of developers’ organization and strategies. I will
focus, therefore, on exploring some of the links between international capital
flows and large real estate development firms in a country with low integration
into the global financial system, such as Argentina. I will show that while
large developers have been empowered by financial and urban regulation, real
estate financialization has remained at the level of short-term state-funded
experiments for national and international capital. A thin capital market and
volatile macroeconomic conditions have organized a dollarized real estate market
where developers’ information, political links and financial risk managing
techniques determine the success or failure of their
experiments.
No hotels have been associated with this event.
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