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into an economy, with potential to create asset bubbles and inflation, or poor economy growth and deflation. Specifically … emerging markets such as India and Brazil, and crave for the local currency and its use drives asset bubbles and inflation …
Persistent link: https://www.econbiz.de/10013238090
Speculative economic, financial, and cryptocurrency bubbles are not arcane anymore; nonetheless, they are still … misunderstood. For this exact reason, they continue to form even centuries after the famous first speculative bubbles of 17th and 18 …th centuries. Bubbles do not form instantaneously; quite the opposite, they progress through several distinct stages that …
Persistent link: https://www.econbiz.de/10013227956
We assess econometrically the impact of asset shortages on economic growth, asset bubbles, the probability of a crisis … asset price bubbles. Moreover, asset shortages can also explain the current account positions of EMs. The findings suggest …
Persistent link: https://www.econbiz.de/10013101522
which is mainly driven by investor sentiment, becoming a potential source of financial bubbles and instabilities. In this …
Persistent link: https://www.econbiz.de/10012931458
-based financial market model ; leverage ; macroprudential regulation ; financial stability ; asset price bubbles ; systemic risk …
Persistent link: https://www.econbiz.de/10009384917
The paper examines three aspects of a financial crisis of domestic origin. The first section studies the evolution of a debt-financed consumption boom supported by rising asset prices, leading to a credit crunch and fluctuations in the real economy, and, ultimately, to debt deflation. The next...
Persistent link: https://www.econbiz.de/10003974885
The paper examines three aspects of a financial crisis of domestic origin. The first section studies the evolution of a debt-financed consumption boom supported by rising asset prices, leading to a credit crunch and fluctuations in the real economy, and, ultimately, to debt deflation. The next...
Persistent link: https://www.econbiz.de/10013143561
fiscal policy. - Bubbles ; financial accelerator ; credit constraints ; financial crisis ; pyramid schemes …
Persistent link: https://www.econbiz.de/10009160016
's q ratio displays regular cycles of bubbles and crashes reflecting an agency problem between investors and producers. The … ; financial bubbles ; stock markets ; booms and crashes ; Tobin's q ; business cycles ; economic rents …
Persistent link: https://www.econbiz.de/10009547387
This paper uncovers a novel mechanism by which bubbles crowd in capital investment. If capital is initially depressed … channel is a robust phenomenon that occurs along the entire time path after bubbles are injected. …
Persistent link: https://www.econbiz.de/10010202848