Asset Bubbles
Asset bubbles, economic growth, and a self fulfilling financial crisis: a dynamic general equilibrium model of infinitely lived heterogeneous agents
... with asset bubbles have suggested that asset bubbles crowd investment out and hinder production ...useless asset instead of capital, the supply of capital in the next period ...when ...
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The Macroeconomic Consequences of Asset Bubbles and Crashes
... debt. Asset bubble is said to occur when this type of asset is traded across generations at a positive ...that asset bubbles may randomly crash in any time ...worthless asset falls ...
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Economic Growth with Asset Bubbles in a Small Open Economy
... latest asset bubble has one typical characteristic: financial investors outside the United States hold bubble assets in the United States through securitized ...bursting asset bubbles in the United ...
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Asset Bubbles, Endogenous Growth, and Financial Frictions
... in asset prices called asset ...of asset bubbles is associated with signi…cant ‡uctuations in real economic ...why bubbles emerge and how they a¤ect ...of bubbles in emerging ...
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Asset Bubbles in an Overlapping Generations Model with Endogenous Labor Supply
... of asset bubbles in an overlapping generations model with en- dogenous labor ...which asset bubbles will lead to an expansion in steady-state capital, investment, employment and ...
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Financial crisis in East Asia: bank runs, asset bubbles and antidotes
... recurrence? To answer them, the paper begins with a brief overview of recent developments in the miracle economies of East Asia, focusing mainly on Korea, Indonesia and Thailand. We focus too on some of the shadows that ...
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Some Important Characteristics of Asset Bubbles and Financial Crises
... in asset price, some investors will try to increase their asset investment by eco- nomizing their cash holding, thus causing a reduction in their desired cash-to- deposit ratio ( k ...the asset boom, ...
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Predictability of asset bubbles : economic bubbles and the effect they have on economies : a Delphi Study on the predictability of economic bubbles and the possibility to prevent them
... of bubbles to arise or ...preventing bubbles to rise. They justified there answer with the fact that bubbles ‘bubbles are inefficient since everything you build will be ...about bubbles ...
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Asset bubbles, domino effects and 'lifeboats': elements of the East Asian crisis
... in asset values is followed by the ‘knock- on’ effects of the scramble for liquidity as companies sell land to satisfy their collateral requirements - causing land prices to fall ...
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Ba_unc_0153D_16785.pdf
... and asset bubbles are more likely to emerge, and financial crisis is likely to ...in asset prices, thereby facilitating bubbles that lead to ...an asset price or credit bubble are ...
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Negative Interest Rate Policy in Switzerland
... incorporate asset prices into their policy-making pro- cesses to improve the effectiveness of monetary ...an asset price bubble may lead to a financial and economic crisis, they urge central banks to ...
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Price momentum and the 1719 20 bubbles: A method to compare and interpret booms and crashes in asset markets
... The problem is not the notion of euphoria itself – it is a fundamental concept in bubble studies – but rather its problematic definition in the Minsky-Kindleberger model. A useful definition of euphoria needs: a) to be ...
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Deflationary bubbles
... de‡ationary bubbles analysed in this paper all support the maximum feasible level of private consumption as an equilibrium in every period, and the real money stock converges to its satiation value or ...
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Volume 07 Issue 06 (2018) Nov..-Dec 2018
... Abstract: Since 2015, the implement of the Short Sales Mechanism in Chinese A-share market has experienced from administrative intervention bans to a restoration. The market’s attitude toward the current Short Sales ...
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Framing Banking Union in the Euro Area: Some empirical evidence. CEPS Working Document No. 389, 3 February 2014
... Second, the design of the Asset Quality Review (AQR) may have significant flaws in the incentives offered to banks. It is essential that banking systems comply with the best safeguards set by prudential regulation ...
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Bubbles and Leverage
... This paper analyses the relationship between leverage and as set price „bubbles‟ . During an important historical bubble there was a substantial expansion in the number of railways promoted, most of which were ...
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Price Bubbles Spillover among Asset Markets: Evidence from Iran
... main asset markets namely foreign exchange, stock, gold, and housing markets in Iran from 2002:03 to ...price bubbles spillover amongst asset markets, we have taken several ...the bubbles, a ...
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Bubble Detection in the Malaysian Housing Market
... identify asset price bubbles in the Malaysian residential property market for the overall market, high-end and medium level ...housing bubbles in the overall ...six bubbles, five are positive ...
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Overconfidence and bubbles in experimental asset markets
... why bubbles burst close to the end (or in some cases middle) of the ...subjects bubbles are more likely to occur and that they are significantly larger in magnitude than in rational ...which bubbles ...
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Market Bubbles and Crashes
... of bubbles? In a nutshell, speculative bubbles are caused by “precipitating factors” that change public opinion about markets or that have an immediate impact on demand, and by “amplification mechanisms” ...
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