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 …

is presented that helps explain why this is the case for traditional currency crises, but less so for asset bubbles. The …1. Overview: A Framework for Investing During Currency Crises and Asset Bubbles -- 2. Bretton Woods’ Collapse Alters …

Mississippi Bubbles of 1720 -- 4. The Long Depression 1873-1893 -- 5. The Great Depression of the 1930s -- 6. The Long Recession …

This book introduces readers to a new approach to identifying stock market bubbles by using the illiquidity premium, a … behavior. A brief history of financial bubbles and an outlook on future developments serve to round out the coverage … Model -- Illiquidity Premium and Connection with Financial Bubbles -- Conclusion and Future Outlook. …

Asset bubbles and contagion have had a profound effect on the financial markets after the financial and sovereign debt …