-residents and residents outside Singapore. One of the objectives of this MAS policy is to discourage speculation against the …

part of this price volatility to speculation. This phenomenon is investigated by estimating a general regime … collapsing bubbles story about Irish agricultural land prices. …

We propose a simple classroom experiment on speculative bubbles: the Bubble Game. This game is useful to discuss about … market efficiency and trading strategies in a financial economics course, and about behavioral aspects in a game theory … cap on asset prices, speculative bubbles can arise at the Nash equilibrium because no trader is ever sure to be last in …

This paper develops a model of credit-driven bubbles and asks when it gives rise to the patterns that policymakers … consistent with observations on credit terms during historical episodes often suspected to be bubbles. …

The efficient markets hypothesis implies that, in the presence of rational investors, bubbles cannot develop. We …

In this study it is attempted to estimate the amount of speculation in foreign exchange market. …