Drescher, Christian - In: Intereconomics : review of European economic policy 46 (2011) 4, pp. 197-204
than ever, the ECB is willing to dampen asset bubbles in the early stage of their formation. This article explains what the … ECB can learn from historical asset bubbles in EU eurozone member countries. The empirical analysis indicates that asset … bubbles in some member countries are mostly followed by asset bubbles in further member countries, which supports the ECB …