estimated in two ways. One may test for speculative bubbles, or fads, by testing whether the two estimates are the same. When … the test is applied to some annual U.S. stock market data, the data usually reject the null hypothesis of no bubbles. The …

We analyze the relationship between asset price bubbles and systemic risk, using bank-level data covering almost thirty … years. Systemic risk of banks rises already during a bubble's build-up phase, and even more so during its bust. The increase … differs strongly across banks and bubble episodes. It depends on bank characteristics (especially bank size) and bubble …

massive bubble in agricultural futures prices at various times in recent years. This paper analyzes the market impact of … financial index investment in recent years did not cause massive bubbles in agricultural futures prices …

explored: bubble expectations and investor confidence. Semiannual time-series indicators of these attitudes are presented for … investors an expectation of a speculative bubble, an unstable situation with expectations for increase in the short run only …, are produced. Four different time-series indicators of whether there is an expectation of a negative speculative bubble …