An anatomy of bubbles -- The great depression -- Japan and the specter of de-ation -- The 1990s stock bubble and re-ation -- The worldwide boom -- Britain's bubble bursts -- US bubble and bust -- The financial crisis and household debt -- The pathology of bubbles -- Valuing markets sensibly --...

Turmoil in financial markets causes reflection. Is monetary policy conducted in the most efficient way? Are regulatory and supervisory arrangements adequate when market volatility increases and financial institutions come under stress? In the present SUERF Study, we have collected the...