Economists broadly define financial asset price bubbles as episodes in which prices rise with notable rapidity and … attempted to study and interpret bubbles through the prisms of rational expectations, efficient markets, equilibrium, arbitrage … explains how and why bubbles (and crashes) evolve and are defined, measured, and compared. This book develops a new and …

Economists broadly define financial asset price bubbles as episodes in which prices rise with notable rapidity and … attempted to study and interpret bubbles through the prisms of rational expectations, efficient markets, and equilibrium … that explains how and why bubbles (and crashes) evolve and can also be defined, measured, and compared. This book develops …

“This book provides an accessible, yet formal framework to understand how housing bubbles arise, their international … economic consequences of these housing bubbles. The book starts with a formal definition of asset price bubbles and a summary … of the most famous episodes, before describing how economists have thought about asset price bubbles; specifically …

Chapter 1. Introduction -- Chapter 2. Bubbles -- Chapter 3. Pricking Bubbles -- Chapter 4. In-between Years -- Chapter … Prudential Regulation Authority This open access book provides a readable narrative of the bubbles and the banking crisis Japan …’s manufacturing sector, tried to transform itself into an economy with domestic demand-led mature growth, but the ensuing bubbles and …