The first global financial bubble in stock prices occurred 1720 in Paris, London and the Netherlands. Explanations for … these linked bubbles primarily focus on the irrationality of investor speculation and the corresponding stock price behavior … of two large firms: the South Sea Company in Great Britain and the Mississippi Company in France. In this paper we …

Although long obscured by the Great Depression, the nationwide "bubble" that appeared in the early 1920s and burst in …

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 …

driving asset prices to 'overshoot' equilibrium when an asset bubble bursts--threatening widespread insolvency and what …

Standard tests find that no bubbles are present in the stock price data for the last one hundred years. In contrast …., historical accounts, focusing on briefer periods, point to the stock market of 1928-1929 as a classic example of a bubble. While … claim that the boom and crash of 1929 represented a bubble. We develop a model that permits us to extract an estimate of the …

individuals, to explain bubbles, crises, and endogenous risk in financial markets …