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Asset price bubbles : a selective survey

Scherbina, Anna - 2013

Persistent link: https://www.econbiz.de/10009726553

Asset Price Bubbles : A Selective Survey

Scherbina, Anna - 2013

Why do asset price bubbles continue to appear in various markets? This paper provides an overview of recent literature … on bubbles, with significant attention given to behavioral models and rational models with frictions. Unlike the standard … insights for how bubbles are initiated and sustained, the reasons they burst, and why arbitrage forces do not routinely step in …

Persistent link: https://www.econbiz.de/10014395388

Herd Behavior in Financial Markets : A Review

Sharma, Sunil - 2000

Policymakers often express concern that herding by financial market participants destabilizes markets and increases the fragility of the financial system. This paper provides an overview of the recent theoretical and empirical research on herd behavior in financial markets. It addresses the...

Persistent link: https://www.econbiz.de/10014399902

Pricing protest : the response of financial markets to social unrest

Barrett, Philip; Bondar, Mariia; Chen, Sophia; … - 2021

Using a new daily index of social unrest, we provide systematic evidence on the negative impact of social unrest on stock market performance. An average social unrest episode in an typical country causes a 1.4 percentage point drop in cumulative abnormal returns over a two-week event window....

Persistent link: https://www.econbiz.de/10012518928

Price Volatility and Financial Instability

Leon, H. L. - 2001

Statistical measures of the volatility of exchange rates, interest rates, and stock prices are estimated for a number of countries. Periods of high volatility are identified and compared with periods of financial difficulty. The results indicate that GARCH models of volatility could be...

Persistent link: https://www.econbiz.de/10014399985

Contagion and Volatility with Imperfect Credit Markets

Aizenman, Joshua - 1997

This paper interprets contagion effects as an increase in the volatility of aggregate shocks impinging on the domestic economy. The implications of this approach are analyzed in a model with two types of credit market imperfections: domestic banks borrow at a premium on world capital markets,...

Persistent link: https://www.econbiz.de/10014401716

Intangible capital, relative asset shortages and bubbles

Giglio, Stefano; Severo, Tiago - 2011

Persistent link: https://www.econbiz.de/10009419625

Identifying speculative bubbles : a two-pillar surveillance framework

Jones, Bradley - 2014

Persistent link: https://www.econbiz.de/10010479411

Consequences of asset shortages in emerging markets

Chen, Jiaqian; Imam, Patrick - 2012

Persistent link: https://www.econbiz.de/10009615323

Intangible Capital, Relative Asset Shortages and Bubbles

Giglio, Stefano - 2011

conditions for the emergence of rational bubbles. We also analyze the question of dynamic efficiency, demonstrating that, in the …. Finally we show that, in general, rational bubbles are not Pareto improving in our framework …

Persistent link: https://www.econbiz.de/10014397272

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