their interventions depends on their credibility with the marketplace. The results of interviews with some of the world …

This book addresses essential questions about housing by building theoretical models based on various real world … these real world problems? To answer these questions, the book clarifies the unique criteria that characterize housing …

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 …

Chapter 1. Introduction -- Chapter 2. Bubbles -- Chapter 3. Pricking Bubbles -- Chapter 4. In-between Years -- Chapter … financial policymakers the world over. Financial crises are all-too-frequent, and extremely costly. This analysis provides … Prudential Regulation Authority This open access book provides a readable narrative of the bubbles and the banking crisis Japan …

“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 …